Squid Ltd, whose head office is in Aberdeen, operates a branch in Dundee. All goods are purchased
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Squid Ltd, whose head office is in Aberdeen, operates a branch in Dundee. All goods are purchased by head office and invoiced to and sold by the branch at cost plus 50 percent. Other than a sales ledger kept in Dundee, all transactions are recorded in the books in Aberdeen. The following particulars are given of the transactions at the branch during the year ended 30 June 20X6.
You are required to write up the branch stock account and branch total debtors account for the year ended 30 June 20X6, as they would appear in the head office books, showing clearly any abnormal wastage.
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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