Awan Traders sent goods to its Quetta branch at cost plus 25%. The following information is given
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Awan Traders sent goods to its Quetta branch at cost plus 25%. The following information is given for the year 2020. Rs. Rs. Opening Stock (Invoice Price) 15,000 Opening Petty Cash 80 Opening Debtors 10,000 Goods Sent to Branch at Cost 40,000 Cash Remitted to Branch for Expenses 90 Cash Sales 26,000 Cash Sales 36,000 Cash Received from Debtors 34,200 Discount Allowed to Customers 800 Liability for Expenses 250 Closing Stock (Invoice Price) 12,000
Required: Prepare Quetta Branch Account in the Books of Awan Traders for the year 2020.
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
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