Q.No.6. (Marks 4) Green & Co has two departments P and Q Department. P sells goods to Department at normal selling prices. From the following particulars prepare Departmental Trading and Profit and Loss Account for the year ended 31-3-1994 and also ascertain the Net Profit to be transferred to Balance Sheet: Particulars Department P (Rs.) Department (Rs.) Opening Stock 1.00.000 Nil Purchases 23.00.000 2,00,000 Goods from Department P 7,00.000 Wages 1,00.000 1,60,000 Travelling Expenses 10,000 1.40.000 Closing Stock at cost to the Department 5.00.000 1,80,000 Sales 23.00.000 15,00.000 Printing and Stationery 20,000 16,000 The following expenses incurred for both the departments were not apportioned between the departments: a) Salaries Rs. Use your arid no last 4 digits and multiply by 100 (b) Advertisement expenses Rs, 90,000 (c) General expenses Rs. 8,00,000 (d) Depreciation @ 25% on the machinery value of Rs. 48,000, advertisement expenses are to be apportioned in the turnover ratio, salaries in 2:1 ratio and depreciation in 1:3 ratio between the departments P and Q General expenses are to be apportioned in 3:1 ratio Note: Question must be hand written acceptable A) Explain departmental and Branch Account? What are the advantages of Branch Account and also discuss the difference between branch account and departmental account? B) Explain following 1) Consignment Account 2) Consignor and Consignee Difference 3) Account Sales and Performa Invoice 4) Consignment and sales Difference 5) Delcredere Commission and Overriding Commission