Renu of Chennai has a branch in Delhi. Goods sent to the branch are invoiced at selling price, i.e. cost plus 33?%. From the following particulars, you are required to prepare the Branch Stock Account and Branch Adjustment Account as they would appear in the books of the H.O.

Rs

Stock on Apr 1, 2008

60,000

Stock on Mar 31, 2009

48,000

Goods sent to Delhi during 2008–2009

4,00,000

At Invoice Price

Sales at Branch

On Credit

1,28,000

On Cash

3,00,000

Returns to H.O. at Invoice Price

20,000

Invoice value of goods lost by fire, not covered by Insurance

4,000