The Rajani Stores Ltd at Madras has a branch at Trichy. Goods are invoiced to the branch at selling price being cost plus 25%. The branch keeps its own sales ledger and deposits all cash received daily to the credit of Head Office Account opened at the State Bank of India, Trichy. All the expenses are paid by cheque from Madras. From the following details, prepare a Branch Account in the Head Office books and make the necessary adjustments therein to arrive at the actual branch profit or loss during the year 2017.

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Stock on 1st January, 2017 Stock on 31st December, 2017 Sundry Debtors on 1st January, 2017 Sundry Debtors on 31st December, 2017 Goods invoiced from Head Office Rent, rates and taxes Sundry Expenses Cash Sales for the year Credit Sales Wages paid Wages owing Particulars ₹ 7,500 9,000 4,200 5,400 54,600 2,400 480 32,400 21,000 2,040 200