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11. A head office of Visakhapatnam has a branch at Kakinada Goods are invoiced to the branch at cost plus 25%. From the following particulars prepare branch account in the book of head office. Stock on 1.1.2015 (Invoice Price) Debtors on 1.1.2015 Goods invoiced by head offee Cash sales Sundry expenses Stock on 31.12.2015 Debtors on 31.12.2015 Outstanding petty expenses Rs. 3 62,500 80,000 Receipts from debtors. 1,47,500 Goods returned to head office (Invoice price) 12,000 Cheques received from head office: Wages and Salaries Rent and rates 60,000 2,00,000 55,000 15,000 2,550 75,000 1,12,500 550
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