Question

A&Co. Ltd, having their H.O. at Delhi with branches at Luck now and Allahabad close their annual account on 31st December, when the following transactions have taken place: (a) Remittances of Rs. 4,500 made by Luck now branch to its H.O. on 30th December, received by the H.O. on 5th January. (b) Goods valuing Rs. 2,200 dispatched by the Allahabad on 27th December, under instructions from the H.O. and received by the Luck now on 30th December. (c) Depreciation amounting to Rs 1,100 on Luck now branch fixed assets when accounts of such assets are maintained at the H.O. (d) Goods worth Rs. 9,000 dispatched by the H.O. to Allahabad branch on 30th December received by that branch on 7th January. Show these entries in the books of the (i) H.O. and (ii) Lucknow branch as at the close of the year.

Answer 1

Answer:

option d is correct.

Explanation:

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