india traders , mumbai opened a branch at Kolkata on ist January 2017. following information is available in respect of the branch for the year 2017 :
Goods send to branch 75000
cash sale at the branch 50000
salaries of the branch staff paid by head office 15000
office expance of the branch paid by the head office 12000
cash remittance to branch towards petty cash 6000
petty cash at branch on 31- 12 - 2017 500
debtors at branch on 31 12 2017 5000
stock at branch on 31 13 2017 27000
cash received from debtors 55000
prepare branch accounts to show the profit and loss from the branch for the year 2017
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india traders , mumbai opened a branch at Kolkata on ist January 2017. following information is available in respect of the branch for the year 2017 :
Goods send to branch 75000
cash sale at the branch 50000
salaries of the branch staff paid by head office 15000
office expance of the branch paid by the head office 12000
cash remittance to branch towards petty cash 6000
petty cash at branch on 31- 12 - 2017 500
debtors at branch on 31 12 2017 5000
stock at branch on 31 13 2017 27000
cash received from debtors 55000
prepare branch accounts to show the profit and loss from the branch for the year 2017
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