Question

purchased
Iuventary
was Rs 30,080.
) A traden
goods fouls.
1,70,000
the opening stock
priou to
the said purchase
Ai sale was Rs. 2,10,000 find out the
Closug stock
of
if the geors
peoft Morgin 15 251. on cost.
siwentory
/گل 2​

Answer 1

Answer:

pilferage (at list price) 76,000. Debtors at Mumbai:Opening & 10,000 Cash remitted by Mumbal Branch to HO: t3,24,870. Discount Allowed to Debtors t 26, 730. Goods received by Mumbai till close of the year 2,54,000. Provision is to be male for discount on Debtors at payments. 15\% on prompt payments at year end on the basis of year's trend of prompt Cash remitted by HO to Branch for Expenses: 18.000 Hranch Expenses still outstanding 1,482 Manager is entitled to a cammission @ 6% of net profits alter charging such commission. Required: Prepare Mumbai Branch Debtors Ale, Mumbai Branch Stock Account, Mumbai Branch Adjustment Ale, Mumbai Branch Expenses Account and Mumbai Branch Profit & Loss A / c under Stock & Debtors Method, ullu