Question

160
Incorporation of Branch Trial Balance in Head Office Books
Kolkata Branch, whose Head Office is in Mumbai, has sent the following trial balance on 31st March, 2016 :
₹
₹
Stock at 1st April, 2015
240 | Head Office Account
3,148
Total Debtors
1,280 Sales
3,500
Horses & Carts
560 Creditors
84
Wages
100
Rent
500
Misc. Exps.
400
Cash in hand
156
Goods recd. from H.O.
3,496
3 ₹ 6,732
6,732
Closing Stock* 1,968. Incorporate the above trial balance in the Head Office Books and prepare Branch Trading
and Profit & Loss Account and Branch Account.
Ans. Gross Profit* 1,632; Net Profit * 732.
Triol Balance from its Nagmur Branch for the year ended​

Answer 1

Explanation:

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