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200000illustration 2X Ltd. has its H.O. in Delhi and a branch in Mumbai. H.O. supplied goods to its branch at cost plus 33/3%. From theparticulars given below prepare a Branch Trading Account in the books of H.O.ParticularsAmountParticularsAmount₹₹Opening Stock (I.P.)40,000 Sales:Goods sent to Branch (1.P.)2,50,000 Cash1,00,000Return to H.O. (I.P.)10,000 Credit3,00,000Discount allowed to customers10.00060,000Closing Stock (I.P.)It is estimated that 2% of the goods received are lost through natural wastage. |
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Answer» Answer: Ltd. has its H.O. in Delhi and a branch in Mumbai. H.O. SUPPLIED GOODS to its branch at cost plus 33/3%. From the particulars given below prepare a Branch TRADING Account in the books of H.O. Particulars Amount Particulars Amount ₹ ₹ Opening Stock (I.P.) 40,000 Sales: Goods sent to Branch (1.P.) 2,50,000 Cash 1,00,000 Return to H.O. (I.P.) 10,000 Credit 3,00,000 Discount allowed to customers 10.000 60,000 Closing Stock (I.P.) |
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