1. Prepare a Branch Account in the books of Head office from the following particulars for the year
, at
12,500
5,000
1,000
40,000
5,000
12,000
30,000
2.000
Stock on 1.4.2018 (at invoice price)
Debtors on 1.4.2018
Petty cash on 1.4.2018
Goods sent to branch (at invoice price)
Goods returned to H.O. (at invoice price)
Cash sales
Cash received from debtors
Bad debts
Allowances to customers
Returns inwards
Cheques sent to branch for expenses:
Rates and Taxes
Salaries
Misc. Expenses
Stock on 31.3.2019 (at invoice price)
Debtors on 31.3.2019
Petty cash as on 31.3.2019
1,000
1.000
3,000
8,000
1,000
12,000
15,000
4,000
1,000
[Profit 3,000
Answers
Answer that the profit is 3,000 rupees.
Explanation:
1. Prepare a Branch Account in the books of Head office from the following particulars for the year
, at
12,500
5,000
1,000
40,000
5,000
12,000
30,000
2.000
Stock on 1.4.2018 (at invoice price)
Debtors on 1.4.2018
Petty cash on 1.4.2018
Goods sent to branch (at invoice price)
Goods returned to H.O. (at invoice price)
Cash sales
Cash received from debtors
Bad debts
Allowances to customers
Returns inwards
Cheques sent to branch for expenses:
Rates and Taxes
Salaries
Misc. Expenses
Stock on 31.3.2019 (at invoice price)
Debtors on 31.3.2019
Petty cash as on 31.3.2019
1,000
1.000
3,000
8,000
1,000
12,000
15,000
4,000
1,000
[Profit 3,000:-
The calculations of the profit is done by getting the data of all the expenditure and all the income from the selling of the product.
So here the procedure is very easy we get the solutions by getting all the data and putting it in the table of the income-expenditure and then get the total of both and subtract it.
And the table of profits which is asked is already made to find the profits.
Doing all the steps gives the
Answer that the profit is 3,000 rupees.
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