Question

Answer questions number 6 to 10 (5X2)

A company with its head office at Mumbai has a branch at Kolkata. The branch receives all

goods from the head office, who also remits cash for all expenses. Sales are made by the branch

on credit as well as for cash.

Total sales by the branch for the year ending 31. 03 2019 amounted to Rs.5, 60,000 out of which

20% is cash sales. The following further information is relevant:

01. 04. 2018: Stock- Rs.25, 000; Debtors-Rs. 60,000; Cash- Rs.120;

31.03. 2019: Stock-Rs. 36,000; Debtors-Rs. 48,000; Cash-Rs. 180;

Expenses incurred by the branch: Salaries-Rs. 6,000; Rent-Rs. 12,000; Petty expenses-Rs. 5,

600.

All sales are made by the branch at cost plus 25%.

Give answer the following questions:

Q6. Credit sale is----

(a) Rs. 4,48,000; (b) Rs. 4,50,000; (c) Rs. 4,38,000: (d) Rs.4,45,000;

Q7. The goods sent to branch --------

(a)Rs. 4, 60,000; (b) Rs.4, 59,000; (c) Rs. 4, 58,000; (d)Rs. 4,45,000:

Q8. Collection of Debtors------

(a) Rs. 4, 80,000; (b) Rs. 4, 59,000; (c) 4, 60,000; (d) Rs.4, 70,000;

Q9. Branch petty expenses remitted by H.O. ------

(a) Rs.10, 000; (b) Rs. 5,660; (c) Rs. 5,600; (d) Rs. 5,900;

Q10. Branch profit is ------

(a) Rs. 60,000 (b) Rs.58, 400; (c) Rs. 59,000; (d) Rs. 65,000;​

Answer 1

question 10 th

is the correct ans

hope it helps