VRS Ltd of Chennai invoices goods to its branch at Bangalore at cost plus 33 1/3%. From the following particulars, prepare the Branch Stock Account and the Branch Profit and Loss Account as they would appear in the books of H.O.:

Rs

Stock at Commencement at Branch at Invoice Price

37,500

Stock at Close at Branch at Invoice Price

30,000

Goods sent to Branch during the year at Invoice Price

2,50,000

(includes Goods invoiced at Rs 5,000 to Branch on Dec 31, 2009 but not received by the Branch before the close of the year)

Return of Goods to H.O. (at Invoice Price)

12,500

Credit Sales at Branch

2,25,000

Cash Sales at Branch

12,500

Invoice Value of Goods Preferred

2,500

Normal Loss at Branch due to Wastage and Deterioration of Stock (Invoice Price)

3,750

VRS Ltd closes its books on Dec 31, 2009