cash daily to the head office. All expenses are paid by the head office except petty expenses which are met by the branch Manager. From the following particulars , you are required to draw up branch account as it would appear in the books of the head office, i.e. Modern shoe store: Rs. Rs. Stock on January 1, 2006 (invoice price) 15000 Sundry debtors on January 1, 2006 9000 Cash in hand on January 1, 2006 400 Office furniture on January 1, 2006 1200 Goods supplied by the head office (invoice price) 80000 returned to head office 1000 Goods returned by debtors 480 Cash received from debtors 30000 Cash sales Credit 30000 Discount allowed 300 Expenses paid by the head office: Rent 1200 Salary 2400 Stationery and printing 300 3900 expenses paid by the branch Manager 280 Provide depreciation on furniture @ 10% p.a. Stock on 31.12.2006 (invoice price) 14000 Q. 9 From the following particulars , prepare Delhi Branch Account showing profit or Loss from the branch in the books of Kolkata head office: Opening stock at the branch 7,500 Goods sent to branch 22,500 Expenses: Salaries 2,500 Rent 800 Other expenses 188 Sales (cash) 30,000 Closing stock could not be ascertained , but it is known that the branch usually sells at cost plus 20 percent. The Branch Manager is entitled to a commission of 5% on the profit of the Branch before charging such commission. Q. 10 A trader has its branch at Kolkata to which the goods are invoiced at cost plus 20%. Prepare Branch account in the books of head office from the following :
cash daily to the head office. All expenses are paid by the head office except petty expenses which are met by the branch Manager. From the following particulars , you are required to draw up branch account as it would appear in the books of the head office, i.e. Modern shoe store: Stock on January 1, 2006 (invoice price) Sundry debtors on January 1, 2006 Cash in hand on January 1, 2006 Office furniture on January 1, 2006 Goods supplied by the head office (invoice price) returned to head office Goods returned by debtors Cash received from debtors Cash sales Credit Discount allowed Expenses paid by the head office: Rent Salary Stationery and printing expenses paid by the branch Manager Provide depreciation on furniture @ 10% p.a. Stock on 31.12.2006 (invoice price) Rs. 1200 2400 300 Rs. 15000 9000 400 1200 80000 1000 480 30000 30000 300 3900 280 14000 Q. 9 From the following particulars , prepare Delhi Branch Account showing profit or Loss from the branch in the books of Kolkata head office: Opening stock at the branch 7,500 Goods sent to branch 22,500 Expenses: Salaries 2,500 Rent 800 Other expenses 188 Sales (cash) 30,000 Closing stock could not be ascertained , but it is known that the branch usually sells at cost plus 20 percent. The Branch Manager is entitled to a commission of 5% on the profit of the Branch before charging such commission. Q. 10 A trader has its branch at Kolkata to which the goods are invoiced at cost plus 20%. Prepare Branch account in the books of head office from the following :
bcom_notes.docx