Question

7. D. Chakraborthy of Calcutta has a branch at Mumbai. Goods are supplied to the
branch at cost. The expenses of the branch and paid from Calcutta and the branch
keeps a Sales Journal and Debtor Ledger only. From the following information supplied
by the branch, prepare Branch Account in the books of Head office.
Rs.
Opening Stock (1-4-1998)
24,000
Closing Stock (31-3-1999)
18,000
Credit Sales -
41,000
Cash Sales
17,500
Receipts from Debtors
37,900
Sundry Debors on 31-3-1999
9,160
TO Goods Received from Head Office 30,000
Dyoo
Goods received at H.O. on 31-3-1999 3,600
Expenses paid by H.O. for the branch 10,400
find the branch account and branch debtors a/c​

Answer 1

Answer:

Branch Debtor Amt is 6060

Branch A/c Amt Is 15700(dr)

Explanation:

BRANCH DEBTOR A/C

ON THE DEBIT SIDE

To balance B/d 6060(?)

To credit Sales 41000

ON THE CREDIT SIDE

By Receipt from Debtor 37900

By balance C/d 9160

The total amt of Both Dr and Cr side is 47060.

BRANCH ACCOUNT

ON THE DEBIT SIDE

To Opening debtor 6060

To Opening Stock 24000

To goods received from HO 30000

To bank 10400

To general P/L 15700(?)

ON THE CREDIT SIDE

By cash sales 17500

By Received from Debtor 37900

By goods Received at HO 3600

By Closing Debtors 9160

By Closing stocks 18000

The total amt of both Dr and Cr side is 86160

Hope it helpfull to you