Octopus Ltd, whose head office is at Cardiff, operates a branch at Swansea. All goods are purchased
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Octopus Ltd, whose head office is at Cardiff, operates a branch at Swansea. All goods are purchased by head office and invoiced to and sold by the branch at cost plus \(331 / 3\) per cent.
Other than a sales ledger kept at Swansea, all transactions are recorded in the books at Cardiff.
The following particulars are given of the transactions at the branch during the year ended 28 February \(19 \times 7\).
You are required to write up the branch stock account and branch total debtors account for the year ended 28 February 19X7, as they would appear in the head office books.
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