Question

5) Shakthi of Kolkatta has a branch @ Mumbai. Goods are supplied to Branch at Cost. The
Expenses of the Branches are paid from Kolkatta and the Branch keeps a sales Journal and
debtor ledger only. From the following information, Prepare Branch A/C in the Books of
H.O.
Opening Stock on 1.1.14
Closing Stock on 31.12.14
Credit Sales
Cash Sales
Receipt from debtors
Rs.
24,000
18,000
41,000
17,500
37,900
Debtors on 31.12.2014
Goods Received from H.O
Goods received at H.O
Expenses paid at H.O for
Branch
Rs.
9,160
30,000
3,600
10,400​

Answer 1

Explanation:

Profit 15700

For clear explanation see the image