Question

1.X Ltd. of Mumbai has a branch in Delhi. From the following data, prepare Branch
stock a/c under stock and debtors system.
transferred to Purchases A/c Rs. 65,550)
Rs.
50,000
1,000
35,500
8,000
10,000
11,000
[Ans : Shortage in Stock : Rs. 4,500
2.From the following data, compute Gross Profit of the Branch:
Goods received from the H.O. at invoice price Rs. 60,000
Returns to H.O. at invoice price
Rs. 1,200
Branch stock on 1-4-97 at invoice price Rs. 6,000
Branch stock at invoice price on 31-3-98 Rs. 12,000
Rs. 2,400
Surplus Stock (found in Branch stock A/C)
Goods are invoiced to branch at cost plus 25%
Ans: GP.: Rs. 11,040
Goods sent from H.O.
Returns to H.O.
Cash sales
Credit sales
Opening stock
Closing stock​

Answer 1

Answer:

From the following particulars, prepare the

departmental trading and profit and loss Alc. for

the year ending 31.12.17

Dept X. Dept Y.

Rs. Rs.

Stock (1.1.17) 9,000

8,400

Sales

42,000 36,000

Purchases 27,000 21,600

Direct expenses

5,490

8,520

360

Postage

360

Stock (31-12-17) 10,800

4,800

Indirect expenses for the entire business was

Rs.3,900 which was are to be divided in the

proportion of sales of the two departments,

Answer 2

Answer:

GP.Rs.11,0402.From the following data, compute Gross Profit of the Branch:

Goods received from the H.O. at invoice price Rs. 60,000

Returns to H.O. at invoice price

Rs. 1,200

Branch stock on 1-4-97 at invoice price Rs. 6,000

Branch stock at invoice price on 31-3-98 Rs. 12,000

Rs. 2,400

Surplus Stock (found in Branch stock A/C)

Goods are invoiced to branch at cost plus 25%

Explanation:

answer