WebOpening inventory R12 000 Purchases R65 000 Sales R135 000 Sales returns R2 000 Purchase returns R3 000 Railage inwards R4 000 Railage outwards R1 500 Advertising R3 000 Closing inventory R18 000. The Cost of sales for the year amounts to: Select one: a. R72 000 b. R81 000 c. R68 500 d. R74 500. e. R60 000 Your answer is correct. WebAug 14, 2024 · Railage outwards 2 320 Salaries 52 400 General expenses 18 310 Raw materials returned 6 400 Cash discounts allowed 5 100 Stocks 30 June 2012 Finished goods 1 200 tons 12 380 Raw materials 6 860 Work-in-progress 2 000 Processing chemicals 760 You are required to: Prepare the following for this company for the six months ended 30 …
Railage Definition & Meaning - Merriam-Webster
WebMar 1, 2024 · Railage inwards. 36 200. Railage outwards. 39100. Goods returned to suppliers. 21 400. Goods returned by customers. 34600 WebINS1502-21 SUMMARY NOTES; 101 2024 0 b TL - This is the Tutorial Letter for TAM2601 for the year 2024. This guide will be; Second Semester Assignment 01 LEV3701 eggworthy house
What is carriage inwards? AccountingCoach
WebInventory (opening)Railage inwards 50 000 000. Railage outwardsSalaries 45 000 000. Sales 4 000 000. Sales returnsStationery 25 000 000. Trade payables 45 000. ... (6 000 x 70 ÷ 100) + [(66 000 – 6 000) x 10 ÷ 100] 10 200 Operating expenses 365 000 Railage outwards 45 000 Salaries(600 000 – 15 000) 585 000 ... WebA Foreman’s wages, carriage inwards, carriage outwards, raw materials. B Raw materials, carriage inwards, costs of storage of finished goods, plant depreciation. C Plant depreciation, carriage inwards, raw materials, foreman’s wages. D Carriage outwards, raw materials, foreman’s wages, plant depreciation. Inventory valuation WebApr 12, 2024 · Carriage inwards in trial balance and Carriage outwards in trial balance are both treated as just another expense. Here is a list of all … folding a star from paper