From the following particular, prepare Noida Branch Account showing profit or loss:

Opening Stock at the Branch

Rs

Goods sent to Branch

37,500

Expenses

1,12,500

Salaries

12,500

Rent

400

Other Expenses

940

Sales (cash)

1,50,000

Closing Stock could not be ascertained but it is known that the branch usually sells goods at cost plus 20%. The branch manager entitled to a commission of 5% of profit of branch after charging commission.