Engineers Ltd. undertook several contracts during the year 2001. The following information relate to contract No. 107: 

The contract took 13 weeks on its completion. The values of loose tools and stores returned at the end of the period were Rs. 200 and Rs. 3,000 respectively. The plant was also returned at a value of Rs. 16,000 after charging depreciation at 20%. The value of tractor was Rs. 20,000 and the depreciation was to be charged to the tractors 15% per annum. The administration and office expenses are to be provided at 10% on works cost Profit to be charged at 20% of the total cost. 

Prepare the aforesaid Account assuming the balance of the contract was duly received from the contractee.

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Direct Materials Direct Wages Stores issued Loose Tools Tractor Expenses: Running Material Wages of Driver Other Direct charges Rs. 2,300 Rs. 3,000 Rs. 20,250 15,500 10,500 2,400 5,300 2,650