Question

2. The Kanpur Shoe Company opened a branch at Delhi in 1988. From the following
particulars prepare Delhi Branch A/c for the year 1988.
Rs.
Goods sent to branch
15,000
Cash sent to branch for expenses
6,000
Cash received from the branch
24,000
Stock on 31-12-88
2,300
Petty Cash in hand
40
[Madras, B.Com., Sep. 1989)
[Ans: Profit: Rs. 5,340]​

Answer 1

Answer:

[A]Solution

Branch Stock A/c

Particulars ` Particulars `

To To To GST Branch A/c

To Branch Adj A/c (b/f) (sales above invoice

price)

60,000

27,000

By Branch Debtors A/c

By Branch cash a/c

By balance c/d(60,000-54,000)

By stock in hand

58,000

17,000

6,000

6,000

870000 87000

4,80,000

24,000

1,80,000

6,000

53,500

30,000

1,000

1,500

2,70,000

5,000

48,000

36,500