Question

x Ltd. of calcutta opened a branch at delhi on 1.4.16. Goods are involved to barnch at selling price adding 25% to the cost.From the following particullars,prepare-1)Branch stock a/c,2)Branch Debtors a/c,3)Branch Adjustment a/c and 4)Brach profit & loss a/c. Goods sent to branch(invoice price) 75,000. Cash sales 30,000. Credit sales 35,000. Cash received from debtors 30,000. Discount allowed to debtors 200. Goods returned by customers 1000,Cash remitted to branch for: Rent 900, Salaries 3000,Sundry expenses 100.

Answer 1

accounting and bookkeeping,sundry expenses are expenses that are small in amount and do not occur often. Since these items are not significant, a company might use one general ledger account with the titleSundry Expenses for recording the debit amounts.

What are sundry expenses? |