Question

goods sent to branche rs 150000 goods are invoiced to branch at 25% above the cost find loading amount​

Answer 1

Answer:

Explanation:

WHEN GOODS ARE SENT TO BRANCH AND INVOICED 125% OF COST PRICE THE ENTRY WILL BE

BRANCH A/C DR 1,87,500.00

 TO GOODS A/C   1,87,500.00

(BEING GOODS INVOICED TO BRANCH)

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COST GIVEN IN THE QUESTION     1,50,000.00

25 % LOADING                                      37,500.00

TOTAL                                                  1,37 500.00