AIOU Solved Assignment 1 Code 444 Spring 2017

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AIOU Solved Assignment 1 Code 444 Spring 2017 is solved and ready to upload. Advance accounting subject is advance face of accounting. It deals the advance topics of accounting. So to know more the aiou solved assignment 1 code 444 spring 2017 is very helping assignment. So any student who is reading in B.com must consult with aiou solved assignment 1 code 444 spring 2017 which we have uploaded here.

AIOU Solved Assignment 1 Code 444 Spring 2017 B.A.

Q#4 on IST June, 2016 M/S Umer brothers, consigned goods to Ali of the value of M/S umer brother’s journal.

 

Date Details L/F Debit Credit
1-6-16 Consignment

Goods sent on consignment

Goods sent on consignment at invoice price

500 5000
Consignment

Cash and insurance paid

1500 1500
Bill receivable

(bill drawn on consignee

2000 2000
10-6-16 Cash

Discount allowed

Bi receivable

(bill sold)

1000 1000
31-8-16 Ali

Consignment

(4/5 goods sold by consignee)

5000 50000
Consignment

Ali

Expenses paid by consignee

1000 1000
Consignment

Ali

85% commission due to  consignee

425 425

 

AIOU Solved Assignment 1 Code 444 Spring 2017 B.com

 

Stock on consignment (w-i)

Consignment

Stock with the consignment

1400 1400
Goods sent on consignment

Consignment

Consignment

Stock reserve

Load in closing stock adjusted

 

833

167

833

167

Goods sent on consignment

Trading account goods are transferred to trading account

4167 4167
General profit and loss account

Consignment

Profit transferred to general P &L account

859 859
Bank

Ali

(bank draft received from consignee

1575 1575

 

Working : valuation of stock at invoice price

500 *5?5 = 4000

Unsold = 5000-1000

Expenses = 2000/5000*1000= 400/1400

Calculation of stock reserve

For 5000 Goods load include is =833

For 1000 goods = 833*1000/5000=167

AIOU Solved Assignment 1 Code 444 Spring 2017 Consignment Account

Consignment account

Reference Amount Reference Amount
Goods send on consignment 500 Ali sale 5000
Cash exp 1500 Stock on consignment 1400
Ali exp 1000 Goods sent on consignment 833

 

Ali 9commission) 425 Loss on consignment 859
Stock reserve 167
8092 8092

 

Ali account

Reference amount Reference Amount
Consignment 5000 Consignment 1000
Consignment 425
Bill receivable 2000
Balance c/d 1575
5000

 

Goods sent on consignment

Reference Amount Reference Amount
Consignment 5000 Consignment 833
Trading A/c 4167
5000 5000

AIOU Solved Assignment 1 Code 444 Spring 2017 Q # 5A

Q #5 A company carries on business through four departments BCD Departments trading and profit and loss account for the year ended 2016

Reference Dept a Dept b Dept

C

Dept d Total Reference Dept a Dept b Dept c Dept

D

Total
Opening stock 187500 112500 93750 150000 543750 Sale 1800000 787500 356250 862500 3806250
Purchase 1875000 1125000 375000 9750000 437500000 Closing stock 2250000 150000 131250 187500 693750
Gross profit c/d 18750 Gross loss c/d 375000 300000 75000 393750
2062500 1237500 487500 1125000 4893750 2062500 1237500 487500 1125000 4893750
Gross less

Loss b/d

37500 300000 75000 393750 Gross profit b/d 18750
Salaries (w-3) 90398 53501 16604 46122 206625
Rent and rates 23789 14079 4369 12138 54375
Printing and stat 21407 12669 3932 10922 48930
Dep 9516 5632 1747 4855 21750
Net profit Net loss 182610 385881 7902 149037 725430
182610 385881 26652 149037 725430 182610 385881 26652 149037 725430

 

Calculation of cost of goods sold

Details A  B C D
Opening stock 187500 112500 93750 150000
Add : purchase 1875000 1125000 375000 975000
Cost of goods available for sale 2062500 1237500 468750 1125000
Less: closing stock 2250000 150000 131250 187500
Costs of goods sold 1837500 1087500 337500 937500

AIOU Solved Assignment 1 Code 444 Spring 2017 Accounting

W-2

A B C D
Ratio of cost of goods sold =
1.96 1.16 0.36 1

 

w-3

A B C D
Salaries 206625 206625* 206625 206625
90398 53501 16604 46122

 

 

FIND TOO:- AIOU SOLVED ASSIGNMENT 2 CODE 444 2017

Rent Do as above Do as above Do as above DO AS ABOVE
Printing
Depreciation

 

سوال نمبر 1 سے 3 کے ليے يہاں کلک کريں

 

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