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From the following information prepare stores ledger account showing the issue of N material only for method and give the value of stock at the end of the period October 1st balance 500 units at Rupees 1 per unit October 10 ordered 350 units by purchase order number 91 and goods ex pected on 28 October October 18th you should 125 units requisition number 340 to department X October 21st received 180 units purchase order number 91 at rupees 1.1 October 25th order 350 expected on 5th November 350 order number 150?
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From the following information prepare stores ledger account showing t...
Stores Ledger Account for N Material
The stores ledger account records the movement of N material, tracking both issues and receipts. Below is a detailed breakdown for the month of October.
Opening Balance
- October 1: 500 units at Rupees 1 per unit
- Value: 500 units * 1 = Rupees 500
Purchases
- October 21: Received 180 units (Purchase Order 91) at Rupees 1.1 per unit
- Value: 180 units * 1.1 = Rupees 198
Issues
- October 18: Issued 125 units (Requisition Number 340) to Department X
- Value:
- 125 units from the opening balance (1 per unit) = Rupees 125
Stock Movement Summary
- Total Stock Available
- Opening Balance: 500 units
- Add: Purchases: 180 units
- Total Stock: 680 units
- Total Issues
- Issues to Department X: 125 units
- Remaining Stock: 680 units - 125 units = 555 units
Ending Stock Valuation
- Remaining Stock Calculation
- Remaining Stock: 555 units
- 375 units at Rupees 1 per unit = Rupees 375
- 180 units at Rupees 1.1 per unit = Rupees 198
- Total Value of Ending Stock
- Value of 375 units: Rupees 375
- Value of 180 units: Rupees 198
- Total Value of Ending Stock: 375 + 198 = Rupees 573
Conclusion
- The value of stock at the end of October is Rupees 573 with 555 units remaining.
This structure provides a clear picture of the transactions related to N material for the given period.
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From the following information prepare stores ledger account showing the issue of N material only for method and give the value of stock at the end of the period October 1st balance 500 units at Rupees 1 per unit October 10 ordered 350 units by purchase order number 91 and goods ex pected on 28 October October 18th you should 125 units requisition number 340 to department X October 21st received 180 units purchase order number 91 at rupees 1.1 October 25th order 350 expected on 5th November 350 order number 150?
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From the following information prepare stores ledger account showing the issue of N material only for method and give the value of stock at the end of the period October 1st balance 500 units at Rupees 1 per unit October 10 ordered 350 units by purchase order number 91 and goods ex pected on 28 October October 18th you should 125 units requisition number 340 to department X October 21st received 180 units purchase order number 91 at rupees 1.1 October 25th order 350 expected on 5th November 350 order number 150? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about From the following information prepare stores ledger account showing the issue of N material only for method and give the value of stock at the end of the period October 1st balance 500 units at Rupees 1 per unit October 10 ordered 350 units by purchase order number 91 and goods ex pected on 28 October October 18th you should 125 units requisition number 340 to department X October 21st received 180 units purchase order number 91 at rupees 1.1 October 25th order 350 expected on 5th November 350 order number 150? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following information prepare stores ledger account showing the issue of N material only for method and give the value of stock at the end of the period October 1st balance 500 units at Rupees 1 per unit October 10 ordered 350 units by purchase order number 91 and goods ex pected on 28 October October 18th you should 125 units requisition number 340 to department X October 21st received 180 units purchase order number 91 at rupees 1.1 October 25th order 350 expected on 5th November 350 order number 150?.
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