A Head Office at Kochi consigns goods to its Kottayam branch at cost price. The Branch...
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A Head Office at Kochi consigns goods to its Kottayam branch at cost price. The Branch also purchases goods from outside. The Branch sells the goods both on cash and credit terms. The following relate to the branch for the year ended 31st December 2014. Opening stock: Transferred from H.O. Direct purchases Salary outstanding on opening date Opening Branch Debtors Insurance prepaid on opening date Goods sent to Branch during the year Direct purchases by Branch Remittance to Branch for expenses including insurance Petty cash remittance to branch Cash sales at Branch Credit sales during the year Cash received from debtors Branch stock on closing: Transferred from H.O. Direct purchases Expenses outstanding on closing Branch debtors on closing Petty cash balance on closing Insurance prepaid on closing date Prepare the Kottayam Branch Account. 9005 618 Je donc cort 5,000 2,500 500 4,000 300 1,00,000 20,000 5,500 bar 200 des 85,000 70,000 67,000 10,000 4,000 dal 300 7,000 101 10 100 A Head Office at Kochi consigns goods to its Kottayam branch at cost price. The Branch also purchases goods from outside. The Branch sells the goods both on cash and credit terms. The following relate to the branch for the year ended 31st December 2014. Opening stock: Transferred from H.O. Direct purchases Salary outstanding on opening date Opening Branch Debtors Insurance prepaid on opening date Goods sent to Branch during the year Direct purchases by Branch Remittance to Branch for expenses including insurance Petty cash remittance to branch Cash sales at Branch Credit sales during the year Cash received from debtors Branch stock on closing: Transferred from H.O. Direct purchases Expenses outstanding on closing Branch debtors on closing Petty cash balance on closing Insurance prepaid on closing date Prepare the Kottayam Branch Account. 9005 618 Je donc cort 5,000 2,500 500 4,000 300 1,00,000 20,000 5,500 bar 200 des 85,000 70,000 67,000 10,000 4,000 dal 300 7,000 101 10 100
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