93 BRANCHACCOUNTING PARTICULARS MERCHANDISE FROM HEAD OFFICE MERCHANDISE PURCHASED A SLE E Rs.32400 7 R00 EQUIRED: le the Record entry to adjust allowance for overvaluation. adju ) b) On June 30 2018 Lahore branch or tems are rponse e a d nces ount in the book of Lahore branch shows a balance ance of Rs.23 ne ramount shipped merchandise to Lahore branch valuad R1535 but not ecaved y branch till 30June z010 2) The Lahore branch collected paramount account receivable of Ras.5000 but hiied to infom s Head Cio 3)The Paramount recorded the profft of the Lahore branch at Rs.2700 instead of Rs.315 4) The paramount charged Rs.1476 in respect of the merchandise returmed by Lahore branch to paramou QUIRED Prepare journal entries in the books of head affice and Lahore branch s in transi D) Prepare Branch Reconciliation statement on June 30 2018