143 8. Miscellaneous Illustrations Illustration 1 M/s Omega is a departmental store having three departments X, Y and Z. The information regarding three departments for the year ended 31st March, 2013 are given below: Y Z 3 3 3 Opening Stock 36,000 24,000 20,000 Purchases 1,32,000 88,000 44,000 Debtors at end 15,000 10,000 10,000 Sales 1,80,000 1,35,000 90.000 Closing stock 45,000 17,500 21,000 Value of furniture in each department 20,000 20,000 10,000 Floor space occupied by each department (in sq. ft.) 3,000 2,500 2,000 Number of employees in each Department 25 20 15 Electricity consumed by each department (in units) 300 200 100 The balances of other revenue items in the books for the year are given below: Amount (3) Carriage inwards 3,000 Carriage outwards 2,700 Salaries 48,000 Advertisement 2,700 Discount allowed 2,250 Discount received 1.800 Rent, Rates and Taxes 7,500 Depreciation on furniture 1,000 Electricity expenses 3,000 Labour welfare expenses 2,400 You are required to prepare Departmental Trading and Profit and Loss Account for the year ended 31st March, 2013 after providing provision Bad Debts at 5%