Page 155 - DCOM101_FINANCIAL_ACCOUNTING_I

Unit 12: Final Accounts

The proforma of Manufacturing Account is given here under: Notes

Pro forma of Manufacturing Account
Manufacturing Account
(for the year ending ………)
Particulars ` Particulars `
To Opening Stock By Closing Stock
Raw Materials -------- Raw Materials ------
Work-in-progress -------- — Work-in-progress ------ —
By Sale of Scrape —
By Cost of Production (Transferred to —
Trading A/c)
To Purchase of materials -----
Less returns ----- —
To Manufacturing Wages —
To Carriage Inwards —
To Factory Expenses —
To Stores Consumed —
To Factory Rent —
To Electricity —
To Depreciation on Plant —
To Repairs of Plant —
To Works Manager’s Salary —
To Coal and Fuel —
To Other Factory exps. —
— —

Illustration 5: (Manufacturing, Trading and Profit & Loss A/c)
From the following particulars of Mr. Amit Agrawal, prepare a Manufacturing Account, Trading
and Profit and Loss Account for the year ended 31st March, 2008.

`
Purchase of Raw Material 39,58,500
Return Inwards 21,000
Stock on 31st March, 2008:
Raw Materials 3,63,000

Work-in-Progress 3,00,000
Finished Goods 4,11,000
Productive Wages 6,00,000
Factory Expenses 5,52,000
General Offi ce Expenses 90,000

Salaries 1,80,000
Distribution Expenses 30,000
Selling Expenses 2,10,000
Purchase Expenses 1,80,000
Export Duty 90,000

Import Duty 60,000

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