Question

Goods are invoiced by head office to its branch at Jaipur at cost plus 25%. All
of the branch are paid by head office. Branch keeps only debtors
ledger and sales ledger. Prepare Jaipur branch account and its trading and profit
and loss account for the year ended 31.12.91 from the following particulars of the
Illustration 10
the expenses
branch given below:-
Rs.
Closing Stock (invoice price)
13,500
Credit Sales
30,750
Cash received from debtors
28,425
Opening Stock (invoice price)
18,000
Cash Sales
13,125
Expenses of branch paid by head office
7,800
Goods received from head office
22,500
Debtors on 31.12.91
6,870
Goods in transit from head office on 31.12.911,350​

Answer 1

Answer:

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