In the course of physical verifi cation of stores on 31 March year the following discrepancies are revealed in the case of AB Ltd Prepare journal entries in the cost ledger to give effect to the above adjustment as called for Rate Balance per Material Unit Remarks unit Physical Ledger Rs A Nos 7 60...

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In the course of physical verifi cation of stores on 31 March year the following discrepancies are

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In the course of physical verifi cation of stores on 31 March year the following discrepancies are revealed in the case of AB Ltd:

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Prepare journal entries in the cost ledger to give effect to the above adjustment as called for.

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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Question Posted: Jun 12, 2024 10:13 AM

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In the course of physical verifi cation of stores on 31 March year the following discrepancies are

Question:

Rate Balance per Material Unit Remarks unit Physical Ledger Rs. A Nos 7 600 680 Wrong entry B Litres 12 1,100 1,155 | Normal evapo- ration loss C Nos 6 350 400 Material losses not accounted for

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Cost Accounting

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