B.S. Ltd. operates a retail branch at Ranchi. All purchases are made by the Head Office in Calcutta. Goods for the branch being delivered to it direct and charge out at selling price, which is cost price plus 50 per cent. All cash received by the branch is remitted to Calcutta. Branch expenses are paid by the branch out of an imprest account which is reimbursed by Calcutta monthly.

The branch keeps a Sales Ledger and certain essential subsidiary books; but otherwise all branch transactions are recorded in the books of the Calcutta office.

On January 1, 2017, Stock-in-trade at the branch at selling price, amounted to ₹48,660 and Debtors to ₹6,440. During the year ended December 31,2017, the following transactions took place at the branch:

A consignment of goods despatched to the branch in December, 2017, at a selling price of ₹1,200 was not received by the branch until January 6, 2018 and had not been included in its stock figure. The expenses relating to the branch for the year ended December 31, 2017 amounted to ₹17,290.

On December 31, 2017, Physical stock at the branch, at selling price amounted to ₹52,200. You are required to write-up the Branch Stock Account and the Branch Total Debtors Account maintained in Calcutta books, and to prepare the Trading and Profit and Loss Account of the branch for the year ended December 31, 2017.

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Particulars Goods received by the branch at selling price Credit sales Reductions in selling price authorised by Head Office Debtors written-off as irrecoverable Particulars ₹ 1,21,800 51,280 970 650 Cash discounts allowed Cash sales Goods returned to Calcutta at selling price Cash received from debtors ₹ 64,150 1,560 42,660 1,120