Question

The Kanpur shoe company opened a branch at Delhi in 2008. From the following particulars prepare Delhi Branch account for the year 2008.
Rs.
Goods sent to branch
15,000
Cash sent to branch for expenses
6,000
Cash received from the branch
24,000
Closing stock on 31.12.2008
2,300
Petty cash in hand
40

Answer 1

Answer:

Explanation:

The Kanpur Shoe Company opened a branch at Delhi on 1st April 2010. From the following figures, prepare all the necessary accounts for the year ended 31st March, 2011 and Delhi Branch Account for the year ended 31st March 2012:

Branch Accounts: Problem and Solution # 2.  

From following particulars relating to Patna Branch for the year ending 31st March, 2012, prepare accounts in the head office books:

Branch Accounts: Problem and Solution # 3.

Amrit Oils Ltd. open a branch at Delhi on 1st April, 2010. Goods are invoiced to the branch at cost plus 33⅓% which is the selling price. From the following particulars relating to 2010-11 and 2011-2012 ascertain the profit made at Delhi Branch in the two years. For 2010-11 give journal entries and show how the relevant items will appear in the company’s Balance Sheet as on 31st March, 2011.

Branch Accounts: Problem and Solution # 4.

Vijay Merchant of Mumbai has a branch at Poona. Goods are invoiced to the branch at cost plus 25%. Branch is instructed to deposit cash every day in the head office account with the bank. All expenses are paid through cheques by the head office except petty cash expenses which are paid by the branch manager.

Prepare Branch Account in the books of head office after taking into account the following information also:

 

Branch Accounts: Problem and Solution # 11.

K Ltd. of Kolkata has branch at Delhi. Goods sold at Delhi are supplied from Kolkata but no charge is made in the books as between the branch and the Head Office. On 31st March, 2011 the Branch Balance Sheet, after closing the books, was as follows: