CREATE INVENTORY OF HAJI FRUITS

ITEM QTY GODOWN RATE

Main location - 12 kg
APPLE 50 kg New location - 18 kg
150/kg
Old location - 20 kg
Main location - 24 kg
ORANGE 80 kg
New location - 29 kg
100/kg
Old location - 27 kg
48 kg Main location - 16 kg
GRAPES New location - 18 kg
120/kg
Old location - 14 kg

50 kg Main location - 14 kg
WATERMELON
New location - 18 kg
80/kg
Old location - 18 kg
32 kg Main location - 8 kg
GREEN APPLE
New location - 10 kg
130/kg
Old location - 14 kg
20 kg Main location - 7 kg
STRAWBERRY New location - 9 kg
150/kg
Old location - 4 kg
22 kg Main location - 12 kg
CHERRY New location - 10 kg
130/kg
Old location - 0 kg
60 kg Main location - 25 kg
POMEGRANATE New location - 22 kg
135/kg
Old location - 13 kg
100 kg Main location - 31 kg
MANGO
New location - 37 kg
85/kg
Old location - 32 kg
RECONCILIATION BANK DATE

1/4/17 Introduced Rs.150000 as further Capital

1/4/17 Deposited into Vijaya Bank Rs.70000

2/4/17 Purchased Raw Materials Rs.15000

2/4/17 Rent paid by cheque Rs.4000 1/5/17

2/4/17 Purchased a new Machinery Rs.12000, paid in cash

1/5/17 A Sale of Rs. 10000 and received cheque

1/5/17 Cheque deposited into Vijaya Bank Rs. 10000 1/6/17

1/5/17 Paid Wages Rs.50000 by cheque 1/6/17

1/5/17 Paid Salary Rs.20000

2/5/17 Sold to Rajas Ltd , Rs.6000 received as cheque and Rs.4000 for credit

2/5/17 The above cheque of Rs.6000 paid into Vijaya Bank 1/6/17

2/5/17 Paid Rent by cheque Rs.5000 1/6/17

INTEREST CALCULATION

MR FRUITS sold the following items to Rishi fruits on 1/4/17 on a condition to pay the full amount on
1/5/17.

 Apple 20 kg @ Rs.155/kg
 Mango 50 kg @ Rs.90/kg
 Orange 5 kg @ Rs.80/kg

But, Rishi fruits made payment of only Rs.3000 on 1/5/17. He paid the balance amount on 1/6/17.
Roja fruits decided to charge interest on his late payment at 4%. Calculate interest.
JOB COSTING

WHITE BEAUTY SOAPS CO. is a producer of bathing soaps. They decided to divide their total
job into three: SOAP PRODUCTION 1, SOAP PRODUCTION 2, SOAP PRODUCTION 3, and
calculate profitability of each job. There are three godowns : GODOWN1, GODOWN2,
GODOWN3 respectively for each job

 Purchased raw materials

o 90 kg Animal Fat @ Rs. 40/kg(1/3rd for each job)
o 60 can Plant Oil @ Rs. 70/can(1/3rd for each job)
o 30 kg Caustic Soda @ Rs. 34/kg(1/3rd for each job)
 Purchased Soap Moulds 300 nos (1/3rd for each job) @ Rs. 200 each
 Paid Carriage Rs.20000 (1/3rd for each job)
 Paid Wages Rs.210000(1/3rd for each job)
 Paid Rent Rs.8000(1/3rd for each job)
 Paid Salary Rs.200000(1/3rd for each job)
 Paid Other Expenses Rs.10000(1/3rd for each job)
 Paid Packing Charges Rs.60000 (1/3rd for each job)
 Paid Carriage Outward Rs.40000 (1/3rd for each job)
 Through Sales they got Rs.7.5 lakhs (1/3rd from each job)