From the following details relating to Delhi Branch for the year ending Mar 31, 2009, prepare the branch account in the books of Surat H.O.
|
Rs |
Rs |
||
|
Stock on Apr 1. 2008 |
12.500 |
Cash received from Debtors |
32500 |
|
Debtors on Apr 1, 2008 |
5,000 |
Cash paid by Debtors direct to H.O. |
2500 |
|
Furniture on Apr 1, 2008 |
3,000 |
Good returned by the Branch |
1000 |
|
Petty Cash on Apr 1,2008 |
500 |
Good returned by the Debtors |
500 |
|
Insurance Prepaid on Apt 1, 2008 |
150 |
Cash sent to Branch for Expenses: |
|
|
Salaries Outstanding on Apr 1, 2008 |
2,000 |
Rent Rs 400 per ( month |
4800 |
|
2008 2009 |
Salary Rs 2,000 per month |
2400 |
|
|
Petty Cash |
1000 |
||
|
Goods sent during the Year |
1,00,000 |
Insurance up to june 2009 |
600 |
|
Cash Sales during the year |
1,35,000 |
Stock on Mar 31,2009 |
7500 |
|
Total Sales |
1,75,000 |
||
|
Petty Cash Expenses |
1,100 |
||
|
Discount allowed to Debtors |
250 |
Goods costing Rs 1,250 were damaged in transit and a sum of Rs 1,000 was recovered from the insurance company in full settlement of the claim. Depreciation on furniture @ 10% p.a.