Question

3) Royal Store of Kanpur opened a selling branch at Madras on July 1. 2018. ds are sent to branch from the head office at cost plus 25% The anch is advised to deposit cash every day in the bank in head office count. From the following particulars, prepare Branch Account in the books of head office for the period ending December 31, 2018. Petty Cash at branch is maintained on imprest system. Rs. 1,500 Cash sent to branch for meeting petty expenses Cash sales by the branch Expenses paid by Head Office: Rent Advertisement Salaries 2,200 800 4,600 400 Insurance (up to June 30, 2019) Provide depreciation on furniture at 10% pa. Furniture purchased for the branch 12,000 Credit sales during 6 months Goods sent to branch at 1,60.000 invoice price Cash received from debtors Discount allowed to the debtors Goods returned by debtors (at invoice price) Bad debts written off Petty expenses paid by the branch SEXERCISES dr atel over The following nding December 20,000 50,000 300 60,000 15,000 10 Branch Acouste- B0,000 30,000 22,000 800 S329 100 1,000v Stock at invoice price on December 31 (excluding stock received from debtors) 40.000 To balance Bronch p To GST. To Bank f Rant ्थू solution

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