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Type OS03 ASSIGNMENT 6 NOOR AS 1) Create the following charts for Manufacturing Account....
5 Selected account balances of Miller Inc. as at 31 December 2015 are given in TABLE...
5 Selected account balances of Miller Inc. as at 31 December 2015 are given in TABLE Q5 TABLE Q5: Account balances RM 3,000 2,000 7.200 4,200 Lubricants used Carriage inwards on raw materials Factory rent Depreciation of factory plant and machinery Internal transport expenses (for factory) Insurance of factory buildings and plant General factory expenses Purchase of raw materials Fuel and power 1,800 1,500 3,300 Direct expenses Direct wages Indirect wages Opening stock of raw materials Opening stock of work...
Use UBS！ ASSIGNMENT 5 a noa29) Departmental Account 1. XYZ Company has 3 departments : Electrical,...
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ASSIGNMENT 5 a noa29) Departmental Account 1. XYZ Company has 3 departments : Electrical, Furniture & Telecommunication. 2. Select Maintain Project Titles option, use special codes to represent the 3 departments as shown below: Department Project Code ELECTRICAL ELEC FURNITURE FUR nebude TELECOMMUNICATION TEL ac 3. Enter the following January transactions for each department: Sales Book-Jan 10 (Batch 1) Date Description ELEC FUR TEL 10/01/2010 Sales to Santronic 5,000.00 8,000.00 5,500.00 15/01/2010 Sales to United Co. 10,000.00 4,500.00...
Manufacturing Account The following details were extracted from the books of Konongo Industries Limited a manufacturer...
Manufacturing Account The following details were extracted from the books of Konongo Industries Limited a manufacturer of soap for the year ended 31st March, 1999 GH¢ Opening Stocks: Raw materials 785,000 Work-In-Progress (WIP) 216,000 Finished Goods 432,750 Purchases 1,871,215 Sales 4,343,680 Return Outwards 52,100 Return Inwards 18,350 Carriage Inwards 74,180 Discount Allowed 15,015 Discount Received 46,780 Plant and Machinery at cost 1,850,000 Freehold Building at cost 1,610,000 Furniture and Fittings at cost 318,000 Indirect Wages 127,125 Lighting and Heating 74,300 Insurance 16,720...
MANUFACTURING ACCOUNTS -REVIEW QUESTIONS QUESTION 1 From the list of balances below, prepare the manufacturing account...
MANUFACTURING ACCOUNTS -REVIEW QUESTIONS QUESTION 1 From the list of balances below, prepare the manufacturing account and Statement of profit or loss for the year ended 31 May 2016; N$ Sales 900 000 Purchases of raw materials 180 000 Direct wages 185 000 Office salaries 169 000 Carriage inwards on raw materials 8 000 Carriage outwards 3 250 Lighting and Rent (80% Factory & 20% Office) 82 000 Insurance (3/4 Factory and 1/4 office) 30 000 Purchases returns of raw...
The following trial balance was extracted from the books of G & E Production Company Ltd...
The following trial balance was extracted from the books of G
& E Production Company Ltd on 31 December 2018 and presented to
you the Financial Accountant:
Trial Balance
Details/Accounts
Dr $
Cr $
Purchases of direct raw materials
24,200,000
Stock of direct raw materials 1 January 2018
5,500,000
Wages paid to manufacture goods
12,000,000
Insurance
2,000,000
Electricity
1,450,000
Cash at bank
28,000,000
Accounts payable
3,500,000
Discounts
450,000
500,000
Return of direct raw materials
200,000
Cash in hand
600,000
Work-in-progress...
Prepare a manufacturing account and income statement from the follow balances.Balances of W. Miller for the...
Prepare a manufacturing account and income statement from the follow balances.Balances of W. Miller for the year ending 31 Dec 2013 Inventory at 1 Jan 2013: Raw materials : £25,400 Work-in progress: £31,100 Finished goods: £ 23,260 Purchases: Raw materials £91,535 Carriage on raw materials £1,960 Direct labour: £84,208 Office salaries: £33,419 Rent: £5,200 Office lighting and heating: £4,420 Depreciation: working machinery £10,200 office equipment: £2,300 Sales: £318,622 Factory fuel and power: £8,120 *Rent is to be apportioned: factory 3/4;...
The following trial balance was extracted from the books of SOSO (PVT) on 16th June, 2018. ZMW Capital Returns outwards-raw materials Sales Returns outwards Vehicles Rent receivable Trade paya...
The following trial balance was extracted from the books of SOSO (PVT) on 16th June, 2018. ZMW Capital Returns outwards-raw materials Sales Returns outwards Vehicles Rent receivable Trade payables Issued share capital- ordinary shares Issued share capital-preference shares Share premium Opening stock of raw material Opening stock of work in progress Purchases-raw materials Dividend paid Direct expenses Retained earnings at 1/6/18 Inventory 13,500 250 22,050, 413 475 200 638 4,125 725 450 780 660 150 1,970 240 975 825 6,263...
The bookkeeper of Mark Manufacturing provides you with the following trial balance and information. Trial balance...
The bookkeeper of Mark Manufacturing provides you with the following trial balance and information. Trial balance as at 31 December 2016 RM RM Purchases of raw materials 320,000 Fuel and light 31,000 Administration salaries 22,000 Factory wages 40,000 Carriage outwards for finished goods 3,000 Rent and business rates 24,000 Sales 450,000 Returns inward 5,000 General office expenses 8,000 Repairs to plant and machinery 5,000 Inventory at 1 January 2016: Raw materials Work-in-progress Finished goods 25,000 13,000 25,000 Sundry accounts payable...
The following trial balance was extracted from the books of SOS。(PVT) on 16th June, 2018. ZMW Ca...
The following trial balance was extracted from the books of SOS。(PVT) on 16th June, 2018. ZMW Capital Returns outwards-raw materials Sales Returns outwards Vehicles Rent receivable Trade payables Issued share capital- ordinary shares Issued share capital-preference shares Share premium Opening stock of raw material Opening stock of work in progress Purchases-raw materials Dividend paid Direct expenses Retained earnings at 1/6/18 Inventory 13,500 250 22,050, 413 475 200 638 4,125 725 450 780 660 150 1,970 240 975 825 Purchases 6,263...
plz solve step by step PROBLEMS Q1. Manufacturing sole trader. Kimeu retired from Jambo Plastics in...
plz solve step by step
PROBLEMS Q1. Manufacturing sole trader. Kimeu retired from Jambo Plastics in February 2009 and started his own business on 30 April 2009. His enterprise, known as Kimeu Plastics manufactures one product which it sells to the wholesale trade. The following trial balance was extracted from the books of the enterprise as at 30 April 2010 Sh. Sh. 350.000 1,800,000 3,500,000 3,950,000 18,000,000 3,000,000 1,400,000 655,000 6000000 Inventories as at 1 May 2009: Raw materials, at...
5 Selected account balances of Miller Inc. as at 31 December 2015 are given in TABLE Q5 TABLE Q5: Account balances RM 3,000 2,000 7.200 4,200 Lubricants used Carriage inwards on raw materials Factory rent Depreciation of factory plant and machinery Internal transport expenses (for factory) Insurance of factory buildings and plant General factory expenses Purchase of raw materials Fuel and power 1,800 1,500 3,300 Direct expenses Direct wages Indirect wages Opening stock of raw materials Opening stock of work...
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ASSIGNMENT 5 a noa29) Departmental Account 1. XYZ Company has 3 departments : Electrical, Furniture & Telecommunication. 2. Select Maintain Project Titles option, use special codes to represent the 3 departments as shown below: Department Project Code ELECTRICAL ELEC FURNITURE FUR nebude TELECOMMUNICATION TEL ac 3. Enter the following January transactions for each department: Sales Book-Jan 10 (Batch 1) Date Description ELEC FUR TEL 10/01/2010 Sales to Santronic 5,000.00 8,000.00 5,500.00 15/01/2010 Sales to United Co. 10,000.00 4,500.00...
MANUFACTURING ACCOUNTS -REVIEW QUESTIONS QUESTION 1 From the list of balances below, prepare the manufacturing account and Statement of profit or loss for the year ended 31 May 2016; N$ Sales 900 000 Purchases of raw materials 180 000 Direct wages 185 000 Office salaries 169 000 Carriage inwards on raw materials 8 000 Carriage outwards 3 250 Lighting and Rent (80% Factory & 20% Office) 82 000 Insurance (3/4 Factory and 1/4 office) 30 000 Purchases returns of raw...
The following trial balance was extracted from the books of G
& E Production Company Ltd on 31 December 2018 and presented to
you the Financial Accountant:
Trial Balance
Details/Accounts
Dr $
Cr $
Purchases of direct raw materials
24,200,000
Stock of direct raw materials 1 January 2018
5,500,000
Wages paid to manufacture goods
12,000,000
Insurance
2,000,000
Electricity
1,450,000
Cash at bank
28,000,000
Accounts payable
3,500,000
Discounts
450,000
500,000
Return of direct raw materials
200,000
Cash in hand
600,000
Work-in-progress...
The following trial balance was extracted from the books of SOSO (PVT) on 16th June, 2018. ZMW Capital Returns outwards-raw materials Sales Returns outwards Vehicles Rent receivable Trade payables Issued share capital- ordinary shares Issued share capital-preference shares Share premium Opening stock of raw material Opening stock of work in progress Purchases-raw materials Dividend paid Direct expenses Retained earnings at 1/6/18 Inventory 13,500 250 22,050, 413 475 200 638 4,125 725 450 780 660 150 1,970 240 975 825 6,263...
The following trial balance was extracted from the books of SOS。(PVT) on 16th June, 2018. ZMW Capital Returns outwards-raw materials Sales Returns outwards Vehicles Rent receivable Trade payables Issued share capital- ordinary shares Issued share capital-preference shares Share premium Opening stock of raw material Opening stock of work in progress Purchases-raw materials Dividend paid Direct expenses Retained earnings at 1/6/18 Inventory 13,500 250 22,050, 413 475 200 638 4,125 725 450 780 660 150 1,970 240 975 825 Purchases 6,263...
plz solve step by step
PROBLEMS Q1. Manufacturing sole trader. Kimeu retired from Jambo Plastics in February 2009 and started his own business on 30 April 2009. His enterprise, known as Kimeu Plastics manufactures one product which it sells to the wholesale trade. The following trial balance was extracted from the books of the enterprise as at 30 April 2010 Sh. Sh. 350.000 1,800,000 3,500,000 3,950,000 18,000,000 3,000,000 1,400,000 655,000 6000000 Inventories as at 1 May 2009: Raw materials, at...
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