The following is the Trial Balance of the Goa Branch as of Sep 30, 2008.
Trial Balance of Goa Branch as at 30, Sep 30, 2008
|
Rs |
Rs |
|
|
H.O. Head Office account |
16,200 |
|
|
Stock on October 1, 2007 |
30,000 |
|
|
Purchases |
89,000 |
|
|
Goods received from H.O. |
45,000 |
|
|
Sales |
1,90,000 |
|
|
Goods supplied to H.O. |
30,000 |
|
|
Salaries |
7,500 |
|
|
Debtors |
18,500 |
|
|
Creditors |
9,250 |
|
|
Rent |
4,800 |
|
|
Office expenses |
2,350 |
|
|
Cash in hand Hand and at Bank |
8,900 |
|
|
Furniture |
7,000 |
_____ |
|
2,29,250 |
2,29,250 |
Additional Information
- Stock on hand was valued at Rs 13,500.
- The Branch Account in the H.O. Books on Sep 30, 2008 stood at Rs 2,300 (Dr.).
- On Sep 27, 2008, the H.O. forwarded goods to the values of Rs 12,500 to the branch, where they were received on Oct 5, 2008.
- A cash remittance of Rs 6,000 on Sep 28 was received by H.O. on Oct 3, 2008.
Required
- Journal entries required to incorporate the above figures.
- The results of trading at the branch separately in the books of H.O.
- Goa Branch Account in the books of H.O.