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 |