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Departmental accounts problem
Friends . . It is written in the ques that stock of J are transfrd 2 J At GP OF 20per on sales . . .
is it mean that we have to record that in trading account at 20per of the stock or at 25per. ? .
Replies (2)
20% of Sale=25% of Stock
Stock 100
Gp 25
Total 125
20% of 125= Rs. 25.ie 25 % of Stock
20% of Sale=25% of Stock
Stock 100
Gp 25
Total 125
20% of 125= Rs. 25.ie 25 % of Stock
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