Answer / kirti

BY RENT PAID A/C DR.
TO TDS ON RENT A/C CR
TO CASH/BANK A/C CR

Answer / naitik

rent payable a/c dr.. 1000
to tds on rent paid 100
to provision for rent paid 990

Answer / rupali

RENT A/C DR.1000/-
TO TDS CR. 100/-
TO RENT PAYABLE A/C. 990/-

Answer / mallu

rent paid Dr
rent payble on rent Cr
rent Payble Cr

In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

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