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The Minty Alley is a manufacturer of herbal body wash. The firm has provided the following details for 2 0 2 2 : DETAILS Dr
The Minty Alley is a manufacturer of herbal body wash. The firm has provided the following details for : DETAILS Dr Cr Purchases of Indirect Material Direct Expenses Factory General Expenses Opening Stock of Indirect Materials Loan Interest Paid Capital Opening stock of Raw Material Carriage In on Raw Material Commission Income Rent Income Purchases of Raw Material Opening Stock of WIP Opening Stock of Finished Goods Wages Insurance Utilities Property Plant and Equipment PPE Motor Vehicle Prov for Depn PPE Prov for Depn Motor Vehicle Provision for Unrealized Profit Provision for Bad Debts Debtors Bank Creditors Loan Sales Return Inwards Drawings Cash The following additional information is also provided: Closing stock Raw material Indirect Material Work in Progress Finished Goods Wages owing by insurance prepaid by Depreciation is to be charges on the non current assets as follows Property plant and equipment on the reducing balance Motor vehicle on the straight line basis. All depreciation charges are to be applied equally in the factory and the office The provision for bad debts is to be adjusted to of the debtors The commission income is owing by while the rent income is prepaid by The goods produced are to be marked up by in the factory before being transferred as finished goods The wages is to be applied to the office, indirectly to the factory, and directly in the factory Apportion the insurance and the utilities cost to the factory and the remainder to the office
The Minty Alley is a manufacturer of herbal body wash. The firm has provided the following details for :
DETAILS Dr Cr
Purchases of Indirect Material
Direct Expenses
Factory General Expenses
Opening Stock of Indirect Materials
Loan Interest Paid
Capital
Opening stock of Raw Material
Carriage In on Raw Material
Commission Income
Rent Income
Purchases of Raw Material
Opening Stock of WIP
Opening Stock of Finished Goods
Wages
Insurance
Utilities
Property Plant and Equipment PPE
Motor Vehicle
Prov for Depn PPE
Prov for Depn Motor Vehicle
Provision for Unrealized Profit
Provision for Bad Debts
Debtors
Bank
Creditors
Loan
Sales
Return Inwards
Drawings
Cash
The following additional information is also provided:
Closing stock
Raw material Indirect Material Work in Progress Finished Goods
Wages owing by insurance prepaid by
Depreciation is to be charges on the non current assets as follows
Property plant and equipment on the reducing balance Motor vehicle on the straight line basis. All depreciation charges are to be applied equally in the factory and the office
The provision for bad debts is to be adjusted to of the debtors
The commission income is owing by while the rent income is prepaid by
The goods produced are to be marked up by in the factory before being transferred as finished goods
The wages is to be applied to the office, indirectly to the factory, and directly in the factory
Apportion the insurance and the utilities cost to the factory and the remainder to the office
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