Question

- Bombay Soap Mills Ltd. opened a branch at Bombay on 1st January 1995. From the
following particulars, prepare the necessary accounts for 1995 and 1996 in the books
of the Head Office.
1995
1996
Rs.
Rs.
Goods sent to branch
20,000 50,000
Cheques sent to bránch for:
Rent
2,000
2,000
Salaries
2,500
2,550
1,000
1,250
Cash received from branch
30,000 67,500
Stock on 31st December
12,500
Petty cash on hand - 31st December
75
125
Rs. 8.575; 1996 - Rs. 20,250]
Other expenses
4,000
1005​

Answer 1

Answer:

profit:1995-Rs.8,575;1996-Rs.20,250