1. Advanced Financial Accounting FIN-611
Mian Ahmad Farhan
Lecture-9
Departmental Accounts

2. Departmental Accounts

3. Question Accounting information relating to the “FC” store is as
Follow:
Particulars
Jewellery
Hairdressing
Clothing
Opening stock
(1/1/2008)
2,000
1,500
3,000
Purchases
11,000
15,000
Closing stock
(31/12/2008)
2,500
4,000
Sales and work done
18,000
9,000
27,000

4. Question Wages & salaries Rs. 13,8000 Rent 3,500 Repair expenses 4,800
Air conditioning & lighting 2,000
General expenses 1,200

5. Solution & Working (In PDF format)

6. Trading Account Particulars A B Total Sales Less Cost of goods sold
Gross profit
Less Operating expenses
Salaries & Wages
Rent, rates & taxes
Repair & renewal
Lighting & heating
Profit from operations
Add Other incomes
Profit before tax
Less Income tax
Net profit/Profit after tax
Less General expenses
Net profit of the business
xxx
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7. Obvious Just Ratio Obvious Just Ratio Area occupied Sales
# of employees

8. Division of Expenses Identified expenses Obvious just ratio
Given Ratio