Additional information:

a) Goods are transferred from Head Office to branch at a mark-up of 20%

b) Branch managers are paid a commission of 10% on profit after charging such commission.

Required: Prepare the following accounts in columnar form:

i. The Branch stock; ii. Good sent to Branch;

iii. Branch Debtors

iv. Branch Stock Adjustment

v. Branch Profit & Loss Account for the period.

Senior Distributors and Co are dealers in electronic materials operating from 3 centres: i.e. the head Office in Accra and 2 branches; Kumasi and Bolgatanga. For the last quarter ended 31 st December 2007, the following information Senior Distributors and Co are dealers in electronic materials operating from 3 centres: i.e. the head Office in Accra and 2 branches; Kumasi and Bolgatanga. For the last quarter ended 31 st December 2007, the following information