Question: I need the answer as soon as possible Alphs having head office in Mumbai has a branch in Nagpur. The branch at Nagpur is an

I need the answer as soon as possible

Alphs having head office in Mumbai has a branch in Nagpur. The branch at Nagpur is an independent branch maintaining separate books of account. On 31.3.20x1, it was found that the goods dispatched by head office for + 2,00,000 was received by the branch only to the extent of 1,50,000. The balance goods are in transit. What is the accounting entry to be passed by the branch for recording the goods in transit, in its books

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Corporate Governance Caselet 1 Real Juice Company The company is in the business of producing and marketing fruit juices. Ritu joshi and Rohit Jain were looking at the ad copy and turning it over and...

1. - Expain the motivations of Unilever in acquiring Inmarko. - Identify the risks Unilever faces in using acquisition as a mode for growth, as opposed to other modes discussed in the chapter. 2....

SIGMA MICRO FINANCE: EARLY BATTLE FOR SURVIVAL Source: Richard Ivey School of Business Foundation (names have been disguised for privacy issues) On August 14, 2013, Ziad Habib, the founder and chief...

Please find and look at the attached file. Answer all of the questions provided. I would like to have all the questions answered as soon as possible. Thank you. Question 1 List the principles of...

Cengage 10 th Edition THE LEGAL ENVIRONMENT TODAY BUILDING SKILLS YOU WILL NEED TOMORROW Roger Leroy Miller Chapter 1 Unit 1. The Foundations 1. Law and Legal Reasoning Feverpitched/iStock/Getty...

read case seven entitled "the Upper Big Branch Mine Disaster" at page 500 of your book and discuss the costs and benefits to stakeholder of the action taken by Massey Ebergy and its managers. The...

On Monday, April 5, 2010, just before 3:00 in the afternoon, miners at Massey Energy Corporation's Upper Big Branch coal mine in southern West Virginia were in the process of a routine shift change....

Can SA's new challenger banks knock out the 'big four'? For two decades, SA's banking sector has remained largely the same. The advent of Capitec, in 2001, showed that customers were desperate for...

Whistle Stop Trains pays a constant $16 dividend on its stock. The company will maintain this dividend for the next 14 years and will then cease paying dividends forever. What is the current price...

Choose one of the following two topics. 1. It is quite likely that many of us have experience with software firewall products. Discuss one software firewall product you have used or tried, and at...

8 . Which one of the following forms of watthour meters is used with network services? A . Form 1 6 S B . Form 8 A C . Form 1 2 S D . Form 4

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...