Illustration 14 The following Trial balances as at 31st December, 2006 have been extracted from the books of Major Ltd. and its branch at a stage where the only adjustments requiring to be made prior to the preparation of a Balance Sheet for the undertaking as a whole. Head Office Branch Dr. Cr. Dr. Cr. Rs Rs Rs. Rs. Share Capital 1,50,000 Sundry Fixed Assets 75,125 18,901 Sundry Current Assets 1,21,809 23,715 (Note 3) Sundry Current Liabilities 34,567 9,721 Stock Reserve, 1st Jan., 2006 (Note 2) 693 Revenue Account 43.210 10.250 Branch Account 31,536 Head Office Account 22,645 2,28,470 2,28,470 42,616 42.616 Notes 1. Goods transferred from Head Office to the Branch are invoiced at cost plus 10% and both Revenue Accounts have been prepared on the basis of the prices charged 2 Relating to the Head Office goods held by the Branch on 1st January, 2006. 3 Includes goods received from Head Office at invoice price Rs. 4,565. u47 4. Goods invoiced by Head Office to Branch at Rs. 3,641 were in transit at 31st December, 2006, as was also a remittance of Rs. 3,500 from the Branch 5. Al 31st December, 2006, the following transactions were reflected in the Head Office books but unrecorded in the Branch books. The purchase price of lorry, Rs. 2,500, which reached the Branch on December 25; a sum received on December 30, 2006 from one of the Branch debtors, Rs.750. You are required () to record the foregoing in the appropriate ledger accounts in both sets of books; (il to prepare a Balance Sheet as at 31st December, 2006 for the undertaking as a whole