Question

[Ans : Gross Profit Rs. 30,000; Net Profit Rs. 8,350; Closing Stock Rs. 30,000; Manager's Commission Rs. 450) 11. From the following details relating to Delhi branch for the year ending March 31st 1987, Prepare the Branch Account in the books of Head office. Show your workings clearly : Rs 2,00 1,00 Stock on 1-4-86 Debtors on 1-4-86 Furniture on 1-4-86 Petty cash on 1-4-86 Insurance prepaid on 1-4-86 Rs. 25,000 Goods returned from Branch 10,000 Goods returned by Debtors - 6,000 Cash sent to Branch 1,000 for expenses : Rent (Rs. 800 p.m.) 9,600 300 Salary (Rs. 4,000 p.m.) 48,000. ​

Answer 1

Opening Stock Rs 30,000, Purchases Rs 54,6000, Expenses on Purchases Rs 6,000, Sales Rs 90,000, Expenses on Sales Rs 3,000, Closing Stock Rs 36,600. <br> Calculate Cost of Goods Sold and Gross Profit

Updated On: 10-10-2020