Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Awan Traders sent goods to its Quetta branch at cost plus 25%. The following information is given for the year 2020. Rs. Rs. Opening Stock

Awan Traders sent goods to its Quetta branch at cost plus 25%. The following information is given for the year 2020. Rs. Rs. Opening Stock (Invoice Price) 15,000 Opening Petty Cash 80 Opening Debtors 10,000 Goods Sent to Branch at Cost 40,000 Cash Remitted to Branch for Expenses 90 Cash Sales 26,000 Cash Sales 36,000 Cash Received from Debtors 34,200 Discount Allowed to Customers 800 Liability for Expenses 250 Closing Stock (Invoice Price) 12,000 

Required: Prepare Quetta Branch Account in the Books of Awan Traders for the year 2020.

Step by Step Solution

3.41 Rating (170 Votes )

There are 3 Steps involved in it

Step: 1

Particulars To balance bd Stock Petty Cash Debtors To Goods Sent to Branch Ac To Cash Ac To Stock re... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cornerstones Of Cost Management

Authors: Don R. Hansen, Maryanne M. Mowen

3rd Edition

9781305147102, 1285751787, 1305147103, 978-1285751788

More Books

Students also viewed these Accounting questions

Question

How can a put be used to protect a particular position a call?

Answered: 1 week ago