A business has three branches at Coimbatore, Trivandrum and Bangalore. The Head Office at Madras purchases goods
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A business has three branches at Coimbatore, Trivandrum and Bangalore. The Head Office at Madras purchases goods and sends them to branches, to be sold at a uniform percentage of profit on cost.
The following particulars are made available to you to enable you to prepare a combined Trading Account for the year ended 31st March, 2017.Madras office invoices goods to the branches at fixed sales prices but maintains branch accounts in its Ledgers at cost price. Show Branch Accounts in Madras Head Office books.
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Related Book For
Financial Accounting Volume II
ISBN: 9789387886230
4th Edition
Authors: Mohamed Hanif, Amitabha Mukherjee
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