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9. Sun Enterprise has a Branch in Indore. Goods sent to Branch at invoice price. Profit on Invoice price is 20%. Details of branch transactions
9. Sun Enterprise has a Branch in Indore. Goods sent to Branch at invoice price. Profit on Invoice price is 20%. Details of branch transactions for the year ended 31/3/21 are as under:- Particulars Amt.(in Lakh) Stock (at invoice price )at Branch as on 1/4/20 3.00 Debtors at Branch as on 1/4/20 2.00 Cash at Branch as on 1/4/20 0.20 Goods sent to Branch(at invoice price) 22.00 Total Sales at Branch 16.00 Goods returned by Branch(at invoice Price) 2.00 Expenses incurred by Branch 0.85 Goods returned by Branch Customers 0.20 Cash Sales at Branch 4.00 Cash sent to Branch for Expenses 0.60 Debtors at Branch on 31/3/21 1.80 Prepare Branch Account in the books of Head Office for the year ended 31/3/21
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