3. HARI OM TAT SAT Ltd. Delhi invoices goods to its Mumbai and Kolkata offices at 20% less than the list price which is cost plus 50% with instructions that cash sales are to be made at invoice price and credit sales at list price. Opening Stock at Mumbai at its cost 1,53,600. Goods Sent to Mumbai (at cost to Delhi) 2,20,000. Cash Sales 74.8% of Net Credit Sales. Goods returned by Credit Customers to Mumbai 90,000. Goods returned by Mumbai to Delhi 72,000. Loss of Goods by fire (at invoice price) 6,000 against which 80% of cost was recovered by the branch from the insurance Company. Loss of Goods at Mumbai through normal pilferage (at list price) 6,000. Debtors at Mumbai: Opening 20,000,Closing 22,000 Cash remitted by Mumbal Branch to HO: '3,24,870. Discount Allowed to Debtors 26,730. Goods received by Mumbai till close of the year 2,54,000. Provision is to be made for discount on Debtors at 15% on prompt payments at year end on the basis of year's trend of prompt payments. Cash remitted by HO to Branch for Expenses: 18,000. Branch Expenses still outstanding 1482. Manager is entitled to a commission @ 6% of net profits after charging such commission. Net Credit Sales2,00,000 Required: Prepare Mumbai Branch Debtors A/c, Mumbai Branch Stock Account, Mumbai Branch Adjustment A/c, Mumbai Branch Expenses Account and Mumbai Branch Profit & Loss A/c under Stock & Debtors Method.