Good Wear Garments sent goods to Kolkata Branch at cost plus 25%.
Further Information
|
Rs |
|
|
Opening Stock at Branch at its Cost |
25,000 |
|
Goods sent to Branch at its Invoice Price |
1,00,000 |
|
Loss in Transit at Invoice Price |
12,500 |
|
Theft (at Invoice Price) |
5,000 |
|
Loss in Goods (normal) at Invoice Price |
2,500 |
|
Sales |
1,27,500 |
|
Expenses |
40,000 |
|
Closing Stock at Branch at Cost to Branch |
30,000 |
|
Claims received from the Insurance Company for Loss in Transit |
10,000 |
Show
- Branch Stock Account
- Branch Adjustment Account
- Branch Profit and Loss Account