The branches of a multiple shop company are supplied from the Head Office with goods at cost. The branches pay wages and minor items of petty cash, but otherwise all expenses are paid by the Head Office. From the weekly returns of the branches, the following summaries are prepared:You are required to prepare a Memorandum Trading and Profit and Loss Account of the branches and also show the Branch Account as it would appear in the Head Office books at the end of the year.

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Dr. Date 2017 Jan. 1 Dec. 31 2018 Jan. 1 Dr. Date 2017 Jan. 1 Dec. 31 2018 Jan. 1 To Balance To Cash Sales To Cash on Ledger A/cs To Balance To Balance To Sales Particulars To Balance Particulars Cash Account (Branches) Year 2017 ₹ Date 1,200 2017 Dec. 31 By Cash Purchases 4,13,680 By Wages 12,350 By Expenses By Amount banked By Balance 4,27,230 1,500 Debtors' Account (Branches) Year 2017 ₹ Date 2017 Dec. 31 By Cash 890 14,350 15,240 2,410 Particulars By Allowance By Balance Particulars Cr. ₹ 4,360 1,12,500 2,320 3,06,550 1,500 4,27,230 Cr. ₹ 12,350 480 2,410 15,240