Shetty Solvents Co. Bangalore opened a branch at Hyderabad on January 1, 2017. The following information is
Question:
Shetty Solvents Co. Bangalore opened a branch at Hyderabad on January 1, 2017. The following information is available in respect of the branch for the year 2017:
Prepare Branch Account to show the profit/loss from the branch for the year 2017.
Transcribed Image Text:
Particulars Goods sent to the branch Cash sales at the branch Credit sales at the branch Salaries of the branch staff paid by the H.O. Office expenses of the branch paid by the H.O. ₹ Particulars 75,000 Cash remittance to branch towards petty cash 50,000 Petty cash at branch on 31.12.2017 60,000 Debtors of branch as on 31.12.2017 Stock at the branch on 31.12.2017 15,000 12,000 ₹ 6,000 500 5,000 27,000
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Branch Account for the year 2017 Particulars Amount Particulars Amount Goods sent to the bra...View the full answer
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Related Book For
Financial Accounting Volume II
ISBN: 9789387886230
4th Edition
Authors: Mohamed Hanif, Amitabha Mukherjee
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