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 are paid by the Head Office. Each branch has its own Sales Ledger and sends weekly statements. All cash collections are remitted daily to the Head Office by the branches. The following particulars relating to the half-year ended 30.9.2017 have been extracted from the weekly statements sent by the branches: (all figures in ₹).

You are required to prepare the Branch Account as they would appear in the books of the Head Office, showing the profit or loss for the period.

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Particulars Credit sales Cash sales Sales returns Sundry debtors Rent and rates Bad debts Madras 1,25,200 78,600 2,300 34,500 3,200 6,000 Nagpur 1,10,000 Salaries Particulars 85,200 General expenses 1,200 23,600 Advertisement 4,500 Stock on 30.9.2017 Goods received from H.O. Madras 16,000 2,600 1,50,000 7,500 45,000 Nagpur 18,000 1,500 1,25,000 5,200 35,000