The following are the Trial Balances of VRS Ltd Chennai, and its Delhi Branch as on Dec 2009:
|
Dr. |
Cr. |
||||
|
Particulars |
H.O. Rs |
Branch Rs |
Particulars |
H.O. Rs |
Branch Rs |
|
Opening Stock |
90,000 |
32,800 |
Creditors |
40,660 |
10,820 |
|
Purchases |
1,20,000 |
51,320 |
Goods sent to Branch |
28,800 |
|
|
Wages |
1,61,680 |
26,140 |
Sales |
6,60,400 |
1,39,800 |
|
Manufacturing |
71,720 |
13,660 |
H.O. Account |
56,000 |
|
|
Expenses |
|||||
|
Machinery: |
Capital in Shares |
41,10,000 |
|||
|
H.O. |
2,00,000 |
Discount Earned |
2,200 |
600 |
|
|
Branch |
1,00,000 |
Purchases Returns |
5,100 |
1,320 |
|
|
Furniture: |
|||||
|
H.O. |
10,000 |
||||
|
Branch |
4,000 |
||||
|
Rent |
12,000 |
6,600 |
|||
|
Salaries |
60,000 |
24,000 |
|||
|
Debtors |
76,060 |
16,020 |
|||
|
General Expenses |
40,000 |
6,200 |
|||
|
Goods Received from H.O. |
28,800 |
||||
|
Cash In Hand and at Bank |
20,600 |
3,000 |
|||
|
Branch Account |
72,000 |
||||
|
11,37,160 |
2,08,540 |
1,13,160 |
2,08,540 |
Closing Stock at H.O. was Rs 77,400; and at Delhi Rs 57,400. Depreciation is to be provided @ 10% p.a. on machinery and @ 15% p.a. on furniture. Rent still payable in respect of Dec 2009 for the branch godown is Rs 600.
You are required to prepare the Trading and Profit and Loss Account in Columnar form and the Consolidated Balance Sheet. Also show the Branch Account.