Manu a/c -- �|�p�ǭ�z��W�Ш|�ǰ|

[ Show ]

Support VoyForums

[ Shrink ]

VoyForums Announcement: Programming and providing support for this service has been a labor of love since 1997. We are one of the few services online who values our users' privacy, and have never sold your information. We have even fought hard to defend your privacy in legal cases; however, we've done it with almost no financial support -- paying out of pocket to continue providing the service. Due to the issues imposed on us by advertisers, we also stopped hosting most ads on the forums many years ago. We hope you appreciate our efforts.

Show your support by donating any amount. (Note: We are still technically a for-profit company, so your contribution is not tax-deductible.) PayPal Acct: Feedback:

Donate to VoyForums (PayPal):

[ Login ] [ Main index ] [ Post a new message ] [ Search | Check update time ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: 02:27:41 11/26/01 Mon
Author: Acc & Econ lover
Subject: Manu a/c

Q1
Using method of "adding manufacturing profit(MP) to finished gds",

Yr 1 opening stock:
$10,000 (cost)
$12,500 (cost + MP)

Yr 1 closing stock:
$20,000 (cost)
$25,000 (cost + MP)

Finished gds produced dur9 Yr 1:
$50,000 (cost + MP)

Sales = $250,000

In doing trading a/c, should we use amount in cost or cost + MP or else ??
Anyway, construct trading a/c.

Q2 Stock:
Opening finished gds ---: $ XX
Closing finished gds ---: $ XX

Is it possible that the examiner'll not state whether the amt shown at cost / cost + MP ??
If so, what above amt should be at (cost / cost + MP) if no specification ??

Thx for answering

Enter the above into the related a/cs and state the effect in final a/cs.

[ Next Thread | Previous Thread | Next Message | Previous Message ]