1.

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.​

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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