Question
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...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Cornerstones Of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
3rd Edition
9781305147102, 1285751787, 1305147103, 978-1285751788
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App