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1,900 Dr. New Delhi Branch Account Cr. Date Particulars Date Particulars 2017 Jan. 1 To Balance bld: 2017 Dec. 31 By Bank A/c (Remitances) 25,000
1,900 Dr. New Delhi Branch Account Cr. Date Particulars Date Particulars 2017 Jan. 1 To Balance bld: 2017 Dec. 31 By Bank A/c (Remitances) 25,000 Stock 3,000 By Stock Reserve A/c (Note 1) 600 Dec. 31 To Goods Sent to Branch Alc 24,000 By Goods Sent to Branch Alc To Bank A/e: (Returns) 150 Salaries & wages By Goods Sent to Branch Ac (Note 2) 4.770 Rent & rates 600 By Balance old Sundry expenses 2,000 Stock 8,000 To Stock Reserve Alc (Note 3) 1,600 To General Profit & Loss Alc 5,420 38,520 38,520 Working Notes: (1) Loading on opening stock Loading is 25% on cost but the given data are related to invoice price. Thus, if cost is 100, the invoice price will be ? (100+ 25) - 125. Hence, loading on invoice price - 25/125 - 1/5 or 20%. Therefore, loading on opening stock will be 3,000 x 1/5 600. (2) Loading on Goods sent : Total goods sent ,
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