Question

There are two branches X and Y. Goods are invoiced to them at loaded figures of 20% and 25% on cost respectively.The invoices to the branches are Rs.12000 and Rs.20000 respectively. Included in the item Rs.12000 are invoices for goods costing Rs.3000 invoiced to Branch X at Rs.3600 which should have been invoiced to Y. Sales are all for cash being X-Rs.7200; Y-Rs.15000.
Show the appropriate ledger accounts in head office books. it may be assumed that the closing stocks are correct.​

Answer 1

Answer:

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