|
To Opening Stock
|
20,000
|
By Sales
|
10,00,000
|
|
To Purchases
|
6,50,000
|
By Closing Stock
|
90,000
|
|
To Manufacturing Expenses
|
1,70,000
|
|
|
|
To Gross Profit
|
2,50,000
|
|
|
|
|
10,90,000
|
|
10,90,000
|
|
|
|
|
|
|
To Administration Expenses
|
80,000
|
By Gross Profit
|
2,50,000
|
|
To Selling Expenses
|
20,000
|
|
|
|
To Finance Charges
|
1,00,000
|
|
|
|
To Net Profit
|
50,000
|
|
|
|
|
2,50,000
|
|
2,50,000
|
I am trying to solve a problem from Insurance Claim (IPCC, Accounts).Can someone please tell me which items would be insured standing charges and which items would be uninsured standing charges ?
CAclubindia
