From the following particulars relating to the Kanya-Kumari branch for the year ended 31st December, 2017, prepare
Question:
From the following particulars relating to the Kanya-Kumari branch for the year ended 31st December, 2017, prepare Branch Account in the books of Head Office:
Transcribed Image Text:
Particulars Goods sent to branch Cash sales Credit sales Cash received from Debtors Cash sent to branch for expenses: Rent Salaries Petty cash ₹ Particulars 28,400 Petty cash at branch on 1st January 2017 18,800 Petty cash at branch on 31st December 2017 41,200 38,000 Goods returned by the branch Opening stock at branch Debtors on 31st December 2017 Discount allowed to Debtors 2,000 8,000 Bad debts written-off by the branch 2,000 Stock at branch on 31st December 2017 ₹ 500 300 1,000 9,600 9,000 1,000 2,000 10,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Branch Account For the year ended 31st December 2017 Particulars Amount Particulars Amount Goods sen...View the full answer
Answered By
Akash M Rathod
I have been utilized by educators and students alike to provide individualized assistance with everything from grammar and vocabulary to complex problem-solving in various academic subjects. I can provide explanations, examples, and practice exercises tailored to each student's individual needs, helping them to grasp difficult concepts and improve their skills.
My tutoring sessions are interactive and engaging, utilizing a variety of tools and resources to keep learners motivated and focused. Whether a student needs help with homework, test preparation, or simply wants to improve their skills in a particular subject area, I am equipped to provide the support and guidance they need to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting Volume II
ISBN: 9789387886230
4th Edition
Authors: Mohamed Hanif, Amitabha Mukherjee
Question Posted:
Students also viewed these Business questions
-
X operates a branch at Delhi. All purchases are made by the Head Office at Madras; goods being charged out to the branch at cost price. All cash received by the branch is remitted to Madras Branch....
-
The following particulars relating to the year ended 31 March 20X3 have been extracted from the books of Heel and Toe, footwear wholesalers. All sales have been recorded in personal accounts in the...
-
X of Calcutta started on 1.4.2017, two branches at Madras and Nagpur. All goods sold at the branches are received from the Head Office invoiced at 125% of cost. All expenses relating to the branch...
-
O An hair dryer is basically a duct with a fan that draws cool air from the atmosphere at one end, forces it on an electrical resistor (where the air is heated up) and discharges it at the other end....
-
Refer to T able 6.5. If the six people listed in the table are the only consumers in the market and the equilibrium price is $11 (not the $8 shown), how much consumer surplus will the market...
-
When using control charts to monitor a process, why is it necessary to include an x chart and an R chart? Why cant we use just one of those control charts?
-
All of the following statements are true except a. Correlation is a statistical measure that indicates the strength and direction of the relationship between two variables. b. A positive correlation...
-
1. Describe the strategic management process at Microsoft. How are strategic decisions made? What are the strengths and weaknesses of this approach? 2. Explain the role of organizational inertia in...
-
11. If a,b,x,ye R,@ #1, is a cube root of unity and (a+b)=x+yo, then (b+aw)' equals: (a) y+x@ 6 (c) -y-xw 12. The value of S = sin- -icos- (c) y+yw (d) -x-ya 2k is: 7 (c)-i (d) i , then value of...
-
The following information and particulars relate to New Delhi branch for the year 2017-18: Goods costing 5,50,000 was sold by the branch @ 25% on cost. Cash sales amounted to 1,50,000 and the rest...
-
The Rajani Stores Ltd at Madras has a branch at Trichy. Goods are invoiced to the branch at selling price being cost plus 25%. The branch keeps its own sales ledger and deposits all cash received...
-
A technical analyst claimed in the popular press to have earned 25 percent a month for 10 years using his technical analysis technique. Is this claim feasible?
-
As a final part of this assessment task, you are to share your ideas on the challenges and barriers there are to supporting diverse work teams, as well as your ideas on how these can be overcome to...
-
Pacific Cruises provides standard riverboat cruises for tourists on the Hawkesbury River. The average cruise has 90 passengers on board. Each passenger pays $100 for a days cruising. The riverboat...
-
1. Do you think that Disney relies more on low-cost leadership or differentiation? Explain explicitly 2. Do you think that having a competitive advantage is the key factor in a company's positioning?...
-
Fisher Enterprises assets increased from $7,800 to $8,600, and liabilities decreased from $3,800 to $3,500. Assuming no additional owners' equity transactions took place, if expenses totaled $3,000,...
-
Force Field Analysis A Force Field Analysis helps analysts identify and assess all of the forces and factors for and against an outcome and avoid premature or unwarranted focus only on one side of...
-
GreenThumb operates a commercial plant nursery where it propagates plants for garden centres throughout the region. GreenThumb has $5 million in assets. Its yearly fixed costs are $600,000, and the...
-
SBS Company have received a contract to supply its product to a Health Care Service Hospital. The sales involve supplying 1,250 units every quarter, the sales price is RM 85 per unit. The Client...
-
Insurance companies and pension plans hold large quantities of bond investments. Brighton Insurance Corp. purchased $2,300,000 of 10.0% bonds of Scanlon, Inc., for 114 on January 1, 2012. These bonds...
-
What is meant by GAAP ? Why should all companies follow GAAP in reporting to external users?
-
Identify and briefly describe the three categories of cash flows reported in the statement of cash flows.
-
Suppose the following are the results of a linear regression with business revenue in dollars as the dependent variable and monthly income and advertising spending in dollars as the independent...
-
Since the beginning of the year 2020, the COVID-19 pandemic, with the emergence of new variants of the virus, looks set to become part of our everyday life. While many businesses have been negatively...
-
I dentify the reason ( s ) why the claim was or was not compensable. Support your work with the text and the use of 3 other technical sources ( books , technical papers, peer - reviewed journal...
International Finance Transactions Policy And Regulation 23rd Edition - ISBN: 1647084105 - Free Book
Study smarter with the SolutionInn App