EEFM Unit 3 Problems PDF

EEFM |PAGE NO. |DATE: Untt zProblems The follQwing were he eXpenses. on a conttac with commenc ec on st Tanuary. 2015(6Morks) particalar Amourt(ps) material...

EEFM |PAGE NO. |DATE: Untt zProblems The follQwing were he eXpenses. on a conttac with commenc ec on st Tanuary. 2015(6Morks) particalar Amourt(ps) material purchased. ma+erialc at the end 250 DiYeC wgqes. plcn+ issqed Dixect exponses The conttact price was ps 50,000 I was dyaly receiyed when hk (onttact was completed on g1-3- 20)6 charge ib diYec xpehsesa 5 y on wages ang Provide R 000 for depreci-tion on plan prepare +he cohtract account Ans Contract acLo_n+ 0son 31-4-2015. Debit Credit Pariculars LAmOuntParticalQre Amount RS To moterials To direc By mateia2 wages at theend By planat 4000 expensesS +he Ls on 15000)  PAGE NO. DATE: Pareticalar LAmounParticular Armoun 6direc Rs) (Rs) expens es. J6 plant 5DO0 Ëssyeod profit and L0sS_AJC 652sD Totol 1SS25o o The foll ing ere the ey pens es (ontract ubich commenced oo 1st Tonyary 2020 iy MatPrals psr chas.ed -Rs. 2OD000 Maeyigl a the end R 2260 The contract price was 2400 DO T as duly YeLei Ved ohen the conttact as. CDmple ed On on 2sf march 2020. change inditec eypenses a S onages.and plont pre pare he tontract accoant  DATE Lcontrac Aontason3roarch 2020 Debj+ (redi4 EarticulorAmooParticular AmD4at To materiol purchaced price Tedixectag 20 000 By materjala 2 s 0 To plorn+ issuea go00 6500 band (8000-|500) expenSes 2000 Xpenses Total 240 o00 Total 248750 Eotimated &750 proi t248150 24000O) 24875:0 Total 248150 s A cons trection compony undertakes arqe Controcts The follDwinq are the perticula reloted +o contract occon and findoat ngtiongl profi How much profi+ is tohe  (PAGE NG OATE AtonsfcYYed o p4L accCunt ond in Particuloxs Amcunt Pay Hculars. Amun (RS) 65000 wages at(ured on 6200 or certified. 31st mGych lcrknot(ertifia S6oo Direct eXpnses4900 plant iostolled2500 moteialLon hand 2700 atsite Values DF plon000 material retur na 160 to store mo+ELial sen to 76400 NiYec eypenses q20 Laboy charqes 69s00 contrac+ price 1400D0 fsablishment 4900 cash Yeceiled fromLSO000 charges condrac Ang Pqi-icalgts Amountparticclars Anpcunt Debrt (RS) (Cedit) mateial Send4o6300 65000 69500 ork not Cey4iEid s60o Rstoblishmen 4.900 valaes of plant|100D charges plant installed s00 mateia) onbabd 27 at site bh 2191morch 6200materjaefzd expenses 4900  PAGE NO DATE: acctLred Total National y (ach rereiued 3 profit woxk çertified 6000O 3 To profit qnd gnd Rs. 92q1 Ioss actOQnt T reseYVe National ptoti - To p4L aCount 1s330 - 92| constra ction coopany uhder+akes larqe A oye the parical¡ts centacts The followibg teloted +o contoct carried PreAO durinG the year re q cobtrod Londed on 3/5 march 020: Ho locount and £ind ou ngtËongl profit much proi s to be ttansf  PAGE NO. DATE: AmountPart;culars. Par4:iulqrs (Rs-) Ar(Rs)ntun woges CttuYed orkcevti4itd 1s 00D0 lon 31$t march workno+ certifid Sl00 LOYec exXpenses44520 plontinstalled 2600 matetial an. 2760 atste hend Materialreturnd q50 Values oF plon 20000 to stoYe a-eria seno 72400 irec+ eXpences800 site! acurod Iontrac price 230000 Labot charges0000 Cctablishmen 6200 cosh Leceiued -14 000O charges Eom çorntrac Ans ParticulaYS Amoun Pacalats AmDun (nebit) (Rs) Tlredi+) Rs-) Moter:al stndto 92400 Sitt 1abodchares 00 (ertitie Esablishmen 6200 Valuec of pan 20o00 charges Plaainstalle lesDO at site materia eurn qso to stoe Dixac+ gxPehSe expehse 45 Dilet eypehses acca bed Total I12220 Total 178750  PAGE NO. |DATE: To National profit = (1g750 - 122220) T0 Noiona Profi Rs 6530 rere ic National y (ash wor 2 profit Terti4ret bs30 l40000 R46o2 To profit LOSS and a ctount To p4La((n To YOsekVe = Ao+jonal ptofit 6530 - 4603 Tb YCSeYVp g2