prepare a store ledger account from the following information
Prepare a store ledger account from the following information adopting the FIFO method of pricing of issues of materials:
1 March |
Opening balance Save your time - order a paper!Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines Order Paper Now |
500 tonne at Rs 200 |
3 |
Issued |
70 tonne |
4 |
Issued |
100 tonne |
8 |
Issued |
80 tonne |
13 |
Received from supplier |
200 tonne at Rs 190 |
14 |
Returned from department A |
15 tonne |
16 |
Issued |
180 tonne |
20 |
Received from supplier |
240 tonne at Rs 195 |
24 |
Issued |
300 tonne |
25 |
Received from supplier |
320 tonne at Rs 200 |
26 |
Issued |
115 tonne |
27 |
Returned from department B |
35 tonne |
28 |
Received from supplier |
100 tonne at Rs 200 |
Hint: Returns from departments on 14 and 27 March are to be assumed out of the immediate preceding issue since no details are given.
"If this is not the paper you were searching for, you can order your 100% plagiarism free, professional written paper now!"

