From the following particular, prepare Noida Branch Account showing profit or loss:
|
Opening Stock at the Branch |
Rs |
|
Goods sent to Branch |
37,500 |
|
Expenses |
1,12,500 |
|
Salaries |
12,500 |
|
Rent |
400 |
|
Other Expenses |
940 |
|
Sales (cash) |
1,50,000 |
Closing Stock could not be ascertained but it is known that the branch usually sells goods at cost plus 20%. The branch manager entitled to a commission of 5% of profit of branch after charging commission.