From the following information prepare Nagpur Branch Account in the books of Mumbai H.O. for the year ending Mar 31, 2009:
|
Rs |
Rs |
||
|
Opening Stock (at cost) |
1,00,000 |
Cash received by the Branch from Customers |
7,00,000 |
|
Opening Debtors |
12,500 |
Discount allowed to Customers |
500 |
|
Opening Petty Cash |
200 |
Bad Debts written off |
1,500 |
|
Furniture On the beginning) |
10,000 |
Credit Sales |
7,50,000 |
|
Opening Creditors |
8,500 |
Cash Sales |
1,50,000 |
|
Goods sent to Branch (at cost) |
5,50,000 |
Petty Expenses paid by the Branch |
4,000 |
|
Goods returned to H.O. (at cost) |
12,500 |
Cheques sent to Branch for Expenses: |
36,000 |
|
Salaries |
|||
|
Goods returned by Customers to |
5,000 |
Rent and Insurance |
14,000 |
|
Blanch |
|||
|
Petty Cash |
4,500 |