Ans. [Profit : 2017-19,320; 2018-28,340]. 3. Shri Chakraborty of Kolkata has a Branch at Mumbai. Goods are supplied to the Sans cost. The expenses of the Branch are paid from Kolkata and the Branch keeps a Sales and the Debtors Ledger only. From the following information supplied by the Branch Branch Account in the books of Head Office. ₹ Opening stock(1st April, 2018) 24,000 Sundry Debtors on 31st March, 2018 Closing Stock (31st March, 2019) 18,000 Goods received from Head Office 2 Credit Sales 41,000 Expenses paid by the Head Cash Sales 17,500 Office for the Branch Receipt from Debtors 37,900 A
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Explanation:
in the books of mr. dtc. Ltd mumbai branch a/c 220000
branch debit a/c 85000
discount on detors 310000
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profit₹12100 debtors₹6060
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