A trader has a branch at Surat to which goods are invoiced at cost plus 20%. Prepare a branch account in H.O. books from the following particulars:
|
Rs |
Rs |
||
|
Opening Stock at Branch |
1,20,000 |
Branch Expenses paid by H.O. |
15,000 |
|
Cash Sales at Branch |
87,500 |
Branch Expenses Branch |
30,000 |
|
Credit Sales |
2,05,000 |
Expenses Unpaid |
7,000 |
|
Collection from Debtors |
1,89,500 |
Closing Stock at Branch |
90,000 |
|
Cash received from H.O. |
1,50,000 |
Closing Balance of Debtors |
45,800 |
|
Goods in Transit from H.O. |
18,000 |