The following information and particulars relate to New Delhi branch for the year 2017-18: Goods costing 5,50,000
Question:
The following information and particulars relate to New Delhi branch for the year 2017-18:
Goods costing ₹5,50,000 was sold by the branch @ 25% on cost. Cash sales amounted to ₹1,50,000 and the rest credit sales. Branch receives all goods from Head Office. Branch spent ₹30,000 for salaries, ₹12,000 for rent and ₹8,000 for petty expenses.
You are required to prepare New Delhi Branch Account in the books of the Head Office for the year 2017-18.
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Step by Step Answer:
To prepare the New Delhi Branch Account in the books of the Head Office for the year 201718 well use the provided information The Branch Account summa...View the full answer
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Related Book For 
Financial Accounting Volume II
ISBN: 9789387886230
4th Edition
Authors: Mohamed Hanif, Amitabha Mukherjee
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