AIOU SOLVED ASSIGNMENT 1 CODE 444 AUTUMN 2015

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AIOU SOLVED ASSIGNMENT 1 CODE 444 ADVANCE ACCOUNTING

Departmental account: An accounting department provides accounting services and financial support to the organization it belongs to. The department records accounts payable and receivable, inventory, payroll, fixed assets and all other financial elements. The department’s accountants review the records of each department to determine the company’s financial position and any changes required to run the organization cost effectively.

ALLOCATION OF EXPENSES IN DEPARTMENTAL ACCOUNTING

The expenses which can be specially incurred for a particular departments like salary to salesman, can be charged directly to the department, but the expenses which could not be allocated precisely to a particular department may be divided among the different departments are as follows:-

SALES OF EACH DEPARTMENT:-
Salesman’s commission, discount allowed, bad debts, carriage outwards, advertisement, packing expenses, provision for discount on debtors, travelling salesman’s salary and commission.


PURCHASE OF EACH DEPARTMENT:-
Discount received, provision for discount on creditors, carriage inward, freight etc.

AREA OF FLOOR SPACES OF EACH DEPARTMENT:-
Rent, rates and taxes, repair and maintenance of building, insurance on building, air conditioning expenses, heating.

VALUE OF ASSETS IN EACH DEPARTMENT:-
Depreciation of machinery, repairs and maintenance of plant, insurance premium.

NUMBER OF WORKERS:-
Canteen expenses, labor welfare expenses, time keeping, personnel office, supervision.

DIRECT WAGES:-
Compensation to workers, holiday pay, provident fund contribution, group insurance premium.

NUMBER OF LIGHT POINTS:-
Lighting expenses.

HORSE POWER OF MACHINE AND/OR PRODUCTION HOURS:-
Electric power

TIME DEVOTED BY HIM FOR EACH DEPARTMENT:-Worker manager’s salary.

 

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5 Comments
  1. Reply kahloon January 31, 2016 at 1:51 pm

    kindly 413 kar dain.

  2. Reply suhaib August 3, 2016 at 5:20 am

    Yar ye to 444 ki autumn 2015 ki assignment hy. Bhai 2016 ki hy to plz plz lazmi post kro aj mri last date hy. Apka bht bht ehsan hoga bhai

  3. Reply Saqib August 12, 2016 at 3:54 pm

    Yes please post 2016 444

  4. Reply Saqib August 15, 2016 at 4:14 pm

    Sir please 444 new spring2016 post krdn please please please

  5. Reply hamza ali khan August 28, 2016 at 4:29 am

    444 ka assignment chaheye please sir

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