Ans.1.

In the books of M/s Omega

Departmental Trading & Profit and Loss Account for year ending March 31, 2023
Particulars Ratio & Basis Dept. X Dept Y Dept Z TOTAL Particulars Ratio & Basis Dept. X Dept Y Dept Z TOTAL
To opening Stock 36,000 24,000 20,000 80,000 By Sales 1,80,000 1,35,000 90,000 4,05,000
To Purchases 1,32,000 88,000 44,000 2,64,000 By Closing Stock 45,000 17,500 21,000 83,500
Purchases (3:2:1)/
To Carriage Inwards (132:88:44) 1,500 1,000 500 3,000
To Gross Profit 55,500 39,500 46,500 1,41,500
`
2,25,000 1,52,500 1,11,000 4,88,500 2,25,000 1,52,500 1,11,000 4,88,500

Sales 4:3:2
To carriage outwards (180:135:90) 1,200 900 600 2,700 By GP 55,500 39,500 46,500 1,41,500
Units consumed Purchases
To electricity (3:2:1) 1,500 1,000 500 3,000 By Disc Recvd 3:2:1 900 600 300 1,800
To salaries Employees (5:4:3) 20,000 16,000 12,000 48,000
To advertisement Sales (4:3:2) 1,200 900 600 2,700
To disc. Allowed Sales (4:3:2) 1,000 750 500 2,250
To rent rates and taxes Floor space (6:5:4) 3,000 2,500 2,000 7,500
To depreciation Furniture (2:2:1) 400 400 200 1,000
To labour welfare Employees (5:4:3) 1,000 800 600 2,400
To prov. For bad debt 5% of debtors 750 500 500 1,750
To net profit 26,350 16,350 29,300 72,000

56,400 40,100 46,800 1,43,300 56,400 40,100 46,800 1,43,300

GP ratio = GP / Sales
Dept.X 30.8333
Dept. Y 29.2593
Dept. Z 51.6667

Ans: Dept. Z's performance is better as compared to the other departments.

Ans. 2.
Dr Trading & P&L A/c in the books of M/s Saloni Ltd. For the year ending March 31, 2023 Cr
Particulars Basis X Y Z Total Particulars Basis X Y Z Total
To Op. stock 70,000 65,000 95,000 2,30,000 By Sales (2:1:1) 13,50,000 6,75,000 6,75,000 27,00,000
To Pur. 5,00,000 3,00,000 2,00,000 10,00,000 By Sales Return -50,000 -75,000 -75,000 -2,00,000
To Carriage Inward Pur.(5:3:2) 4500 2700 1800 9,000 By Net Credit Sales 13,00,000 6,00,000 6,00,000 25,00,000
To GP 7,75,500 2,92,300 3,93,200 14,61,000 By Closing Stock 50,000 60,000 90,000 2,00,000
13,50,000 6,60,000 6,90,000 27,00,000 13,50,000 6,60,000 6,90,000 27,00,000

To Staff walfare EXP No. of EMP (4:6:3) 16,000 24,000 12,000 52,000 By GP 7,75,500 2,92,300 3,93,200 14,61,000
To Rent Space (5:6:3) 25,000 30,000 15,000 70,000 By Dis. Received Pur.(5:3:2) 2,500 1,500 1,000 5,000
To Advertising Sales (13:6:6) 26,000 12,000 12,000 50,000
To Depreciation on furniture Value (1:2:1) 7,500 15,000 7,500 30,000
To Lighting charges Space (5:6:3) 25,000 30,000 15,000 70,000
To Salesmen commission Sales (13:6:6) 31,200 14,400 14,400 60,000
To Sundry expenses Pur. (5:3:2) 2,025 1,215 810 4,050
To BD Sales (13:6:6) 3,120 1,440 1,440 6,000

To NP 6,42,155 1,65,745 3,16,050 11,23,950

7,78,000 2,93,800 3,94,200 14,66,000 7,78,000 2,93,800 3,94,200 14,66,000
Ans.3. Trading and P&L Account for the year ending 31/3/2023
Ans. 4.
In the books of M/s TBZ
Departmental trading & Profit and Loss Account
for year ending march 31, 2023
Artificial Semi- Ratio & Artificial Semi-
Particulars Ratio & Basis Jewellery precious Precious TOTAL Particulars Basis Jewellery precious Precious TOTAL
To op. Stock 5,00,000 1,25,000 2,50,000 8,75,000 By Sales 50,00,000 18,00,000 21,00,000 89,00,000
To Purchases 24,00,000 8,00,000 12,00,000 44,00,000 By Closing Stock 10,00,000 2,50,000 5,00,000 17,50,000

To Gross Profit 31,00,000 11,25,000 11,50,000 53,75,000

60,00,000 20,50,000 26,00,000 1,06,50,000 60,00,000 20,50,000 26,00,000 1,06,50,000

To godown maintenance Area (1:2) - 30,000 60,000 90,000 By GP 31,00,000 11,25,000 11,50,000 53,75,000
To salary retail outlet 1,80,000 1,80,000
To salary godownstaff Sales (18:21)/ (6:7) - 3,00,000 3,50,000 6,50,000
Purchases (24:8:12) /
To sundry exp. (6:2:3) 18,000 6,000 9,000 33,000
To rent Area (3:2:4) 90,000 60,000 1,20,000 2,70,000
To godown electricity Area (1:2) - 1,20,000 2,40,000 3,60,000
To showroom light 2,40,000 2,40,000
To advertisement Sales (50:18:21) 5,00,000 1,80,000 2,10,000 8,90,000
To bad debt 50,000 50,000 25,000 1,25,000
To RDD 5% of closing debtors 60,000 20,000 25,000 1,05,000

To Net profit 19,62,000 3,59,000 1,11,000 24,32,000

TOTAL 31,00,000 11,25,000 11,50,000 53,75,000 31,00,000 11,25,000 11,50,000 53,75,000
Ans. 5.
In the books of M/s Reliance Textiles
Departmental trading & Profit and Loss Account for year ending 31/3/23
Particulars Ratio & Basis shoes Sandal Leather TOTAL Particulars Ratio & Basis shoes Sandal Leather TOTAL
To opening Stock 33,000 27,000 1,05,000 1,65,000 By Sales 1,80,000 1,20,000 2,70,000 5,70,000
To Purchases 90,000 60,000 2,25,000 3,75,000 By Closing Stock 21,000 72,000 81,000 1,74,000
To Wages 15,000 9,000 - 24,000 By Transfer 69,000
To transfer 6,000 63,000
To Gross Profit 57,000 33,000 90,000 1,80,000

2,01,000 1,92,000 4,20,000 7,44,000 2,01,000 1,92,000 4,20,000 7,44,000

To salary Given 13,600 16,000 30,400 60,000 By GP 57,000 33,000 90,000 1,80,000
To printing 01:01:02 1,200 1,200 2,400
To rent Area 01:01:01 3,600 3,600 3,600
To electricity Electric points 05:04:09 600 480 1,080
To sundry exp. Net sales 06:04:09 900 600 1,350
To net profit 37,100 11,120 51,170 1,20,000

57,000 33,000 90,000 1,80,000 57,000 33,000 90,000 1,80,000

Ans. 6.
Trading and P&L for the year ending 31/3/23
Particulars Basis A B Total Particulars Basis A B Total
To Op. Stock 1,700 1,450 3,150 By Sales 6,080 5,125 11,205
To Pur. 3,540 3,020 6,560 -
To wage 820 270 1,090 -
To Carriage Inward (2:1) 156 78 234 By Transfer 42 50 92
To Transfer 50 42 92 By Cl. Stock 1,674 1,205 2,879
To GP 1,530 1,520 3,050
7,796 6,380 14,176 7,796 6,380 14,176
A B Total A B Total
To Rent, Rates, Taxes and Insurance 0 626 313 939 By GP 1,530 1,520 3,050
By Discount
To Sundry Expenses (2:1) 240 120 360 received (345:302) 35 30 65
To Salaries (2:1) 200 100 300
To Lighting & Heating (2:1) 140 70 210 By Net loss 125 125
To Discount allowed (1216:1025) 120 102 222
To Advertising (1:1) 184 184 368
To Depre (total) (3:1) 180 60 240
To Net Profit 601 601

1,690 1,550 3,240 1,690 1,550 3,240

Balance sheet as on 31/3/23

Liab Amt Amt Asset Amt Amt
Capital 4,766 Machi 2,100
Less: Drawing -450 Less: depre @10% -210 1,890
Profit
A -125 Funri 300
B 601 Less: depre -30
4,792 270
Creditors 1,860 Debtors 606
cash 1,007
cl. Stock
A 1,674
B 1,205 2,879
6,652 6,652
Ans. 7.
Trading and P&L for the year ending 31/3/23
Particulars Basis cloth ready- made Total Particulars Basis cloth ready- made Total
To Op. stock 2,40,000 48,000 2,88,000 By sales 20,00,000 6,00,000 26,00,000
To Pur. 18,00,000 24,000 18,24,000 By transfer 4,00,000 4,00,000
to transfer 4,00,000 4,00,000 By Closing stock 3,00,000 60,000 3,60,000
To manu. Exp 68,000 68,000
To GP 6,60,000 1,20,000 7,80,000

27,00,000 6,60,000 33,60,000 27,00,000 6,60,000 33,60,000

To Selling Exp 40,000 4,000 44,000 By GP 6,60,000 1,20,000 7,80,000
To General Exp 04:01 1,44,000 36,000 1,80,000
To NP 4,76,000 80,000 5,56,000
6,60,000 1,20,000 7,80,000 6,60,000 1,20,000 7,80,000

General P&L
Particulars Rs. Particulars Rs.
To Cl. Stock res 13,200 By NP
Cloth 4,76,000
To General Profit 5,52,400 ready - made 80,000
by op. stock res. 9600

5,65,600 5,65,600

cloth in op. stock of ready made dept. = contain ratio * op. stock of ready - made dept. = 80% * 48,000
38,400
GP of cloth dept. (Previous year) 25%
Op. stock Res . = 9,600

for Closing stock Res.

GP of cloth Dept for the current year 27.5

cloth in closing. stock of ready made dept. = contain ratio * closing. stock of ready - made dept. = 80% * 60,000
48,000
Cl. Stock res. 13,200
Ans. 8.
Trading & P&L A/c
Ans. 9.
Departmental Trading and P/L Account of Tailors Ltd.
For the year ending 31st March 2023
Particulars Cloth Outfitting total Particulars Cloth Outfitting total
To opening stock 80,000 5,000 85,000 by sales 12,50,000 1,50,000 14,00,000
To purchases 11,00,000 10,000 11,10,000 by transfer 50,000 50,000
to wages 20,000 40,000 60,000 by closing stock 96,000 7,500 1,03,500
to carriage 66,000 66,000 -
to transfer 50,000 50,000
to gross Profit 1,30,000 52,500 1,82,500

13,96,000 1,57,500 15,53,500 13,96,000 1,57,500 15,53,500

To rent 6,000 2,000 8,000 By gross Profit 1,30,000 52,500 1,82,500

To lighting 1,500 500 2,000
To depreciation 1,000 5,000 6,000
To NP. 1,21,500 45,000 1,66,500

1,30,000 52,500 1,82,500 1,30,000 52,500 1,82,500

General P&L A/c for the year ending 31.3.2023

To directors fee 30,000 By profit 1,66,500
To salaries 16,000 By income from investment 9,500
To office exp 3,000
To stock reserve (net) 250
To Net profit 1,26,750
1,76,000 1,76,000

WORKING note:
STEP 1: GP% OF CLOTH DEPT.= 130000 X 100 10 10
1250000+50000

unrealised profit on closing stock= 7500 X 10 % 750

unrealised profit on opening stock= 500
Net stock reserve 250
Ans. 10.
Trading and P&L Account for Dumb and Dumber Ltd.
Par Piece Tailoring Total Par Piece Tailoring Total
To Op. stock 20,000 20,000 By Sales 2,43,000 1,36,000 3,79,000
To Pur. 2,20,000 10,000 2,30,000 By Transfer 60,000 60,000
To Transfer 60,000 60,000 By Cl. Stock 38,600 14,000 52,600
To Wages 600 6400 7,000
To GP 1,01,000 73,600 1,74,600
3,41,600 1,50,000 4,91,600 3,41,600 1,50,000 4,91,600

To Printing 1000 600 1600 By GP 1,01,000 73,600 1,74,600

To Depre 1200 1200
To Adv (3:2) 6000 4000 10,000
To Sal. (3:2) 10,800 7200 18,000
To Sal (dept.) 4800 1200 6,000

To Dept. NP 78,400 59,400 1,37,800

1,01,000 73,600 1,74,600 1,01,000 73,600 1,74,600

B/S
Liab Amt Amt Asset Amt Amt. GP Ratio Sending Dept. (Piece Dept)
Capital 1,20,000 Debtors 54,000 GP/ Net Sales *100
Less: Drawings -1,00,000 Cash 6,400 1,01,000/3,03,000*100
Profit 1,33,134 1,53,134 Bank 41,000 33.33%
Machinery 12,000 Cl. Stock Res =
Cl. Stock of Tailoring Deppt. * GP Ratio of Piece Dept* Content of
Creditors 7,000 Less: Depre 1,200 10,800 Picece Dept. in the stock of Tailoring Dept.
Cl. Stock 14,000*33.33%*100%
Piece dept. 38,600 4666
Tailor 14,000
Less: Stock Res. -4,666 9,334
1,60,134 1,60,134

General P&L
To Cl. Stock Res 4666 By Dept. Profit
Piece 78,400
To Net Profit 1,33,134 Tailor 59,400
1,37,800 1,37,800
Ans. 11.
Departmental Trading and P/L Account for the year ending 31st March 2023
Particulars Dept A Dept B Total Particulars Dept A Dept B Total
To opening stock 30,000 40,000 70,000
- By sales 18,00,000 29,00,000 47,00,000
To purchases 7,00,000 13,00,000 20,00,000 by transfer 2,00,000 3,00,000 5,00,000
to transfer 3,00,000 2,00,000 5,00,000 by closing stock 1,30,000 2,60,000 3,90,000

to gp 11,00,000 19,20,000 30,20,000

21,30,000 34,60,000 55,90,000 21,30,000 34,60,000 55,90,000

General P&L A/c for the year ending 31.3.2023

To general expesnes 14,00,000 By profit 30,20,000
TO dep land building 6,250
To dep furniture 2,500

To closing stock reserve 73,500

To NP 15,37,750
30,20,000 30,20,000

WORKING:
GP% OF A DEPT.= 11,00,000 55
20,00,000

GP% OF B DEPT.= 19,20,000 60

32,00,000

UNREALISED PROFIT:
Dept a = 40,000 x 60% 24,000
Dept. b = 90,000 x 55% 49,500
Stock reserve 73,500

Since interdepartmental transfers in stocks are at cost, no stock reserve for opening stock has been created.