HP and Co. is a retail organisation with a number of branches. All accounts are kept at the Head Office and goods sent to branches are recorded at cost plus the expected mark-up of 

The accounting system is designed to give the Head Office as much control as possible over the branch stocks. At the Madras branch at 1st January, 2017, goods costing ₹24,000 were in stock, but some of these, costing ₹3,000, had been reduced in selling price to ₹3,200. The balances of the Madras Branch Debtors Accounts totalled ₹18,400 on the same date. The following information relates to the Madras branch for the year to 31st December, 2017 or at the end of that year:You are required to prepare:

(a) Branch Stock Account

(b) Goods Sent to Branch Account

(c) Branch Adjustment Account

(d) Branch Debtors Account

(e) Branch Profit and Loss Account.

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