Accounts question -
1. Ashoka Ltd. has its branches in Delhi and Agra. Goods are invoiced to the branches at cost plus 50%. Branches remit
all cash received to the Head Office and all expenses at the branches are met by the Head Office. From the following
particulars of Delhi Branch, prepare following Accounts of Delhi Branch in the books of Head Office:
(i) Branch Stock Account
Branch Debtors Account
(iii) Branch Adjustment Account
(iv) Branch Profit and Loss Account
(v) Stock Reserve Account for the year ended 31st March, 2019:
Particulars
Particulars
37,200
4,800
27,200
6,000
Branch Stock on April 1, 2018 at invoice price
Branch Debtors on April 1, 2018
Goods sent to Branch at cost
Cash Sales
1,36,000
1,00,040
Goods returned by Debtors
Goods returned by Branch to H.O. at invoice price
Goods transferred from Agra branch to Delhi
branch at invoice price
Shortage of Stock at invoice price
Discount allowed to Debtors
8,400
1,24,000
Credit Sales
1,800
1,21,600
Cash collected from Debtors
800
Expenses at Branch
21,600
(13)
Answers
Answered by
1
Answer:
this is your answer for this questions.
you'll get the idea.
Explanation:
Attachments:
Similar questions