Question: On 1st Jan. 2014 a Head Office opened a Branch at Madurai to which goods are ve cost where sales are made both for

On 1st Jan. 2014 a Head Office opened a Branch at Madurai

On 1st Jan. 2014 a Head Office opened a Branch at Madurai to which goods are ve cost where sales are made both for cash and credit. The following relate to the branch for the year 2014. Goods sent to branch Cheque sent to branch for Rent 3,000 Salary 4,000 Office expenses 1,100 Cash sales Credit sales Cash received from debtors Stock at Branch on closing Debtors at Branch on closing Prepare Madurai Branch Account for the year 2014 80,000 8,100 62,000 40,000 0 32,000 00226,000 8,000

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