Green & Co has two departments P and Q Department. P sells goods to Department Q at normal selling prices. From the following particulars prepare Departmental Trading and Profit and Loss Account for the year ended 31-3-1994 and also ascertain the Net Profit to be transferred to Balance Sheet:

Particulars Department P (Rs.) Department Q(Rs.)

Opening Stock 1,00,000 Nil

Purchases 23,00,000 2,00,000

Goods from Department P ------ 7,00,000

Wages 1,00,000 1,60,000

Travelling Expenses 10,000 1,40,000

Closing Stock at cost to the Department 5,00,000 1,80,000

Sales 23,00,000 15,00,000

Printing and Stationery 20,000 16,000

The following expenses incurred for both the departments were not apportioned between the departments: (a) Salaries Rs. 6050 and multiply by 100 (b) Advertisement expenses Rs, 90,000 (c) General expenses Rs. 8,00,000 (d) Depreciation @ 25% on the machinery value of Rs. 48,000, advertisement expenses are to be apportioned in the turnover ratio, salaries in 2:1 ratio and depreciation in 1:3 ratio between the departments P and Q General expenses are to be apportioned in 3:1 ratio