5. M/S Sachin Electricals has a branch at Faridabad. All the goods are supplied from the headoffice at cost + 20% and all the expenses are paid by head office. Prepare the BranchAccount in the books of head office for the year ending 31st March 2020.Balance as on 1-4-2019:RS.Stock at Invoice Price30,000Debtors10,000Furniture6,000Petty cash1,000Insurance prepaid300Salary outstanding4,000Goods sent to Branch2,40,000Cash sales2,70,000Total sales3,50,000Goods returned from branch2,400Goods returned by Debtors1,000Cash sent to branch for expensesRent (Rs. 800 p.m.)9,600Salary (Rs. 4,000 p.m.)48,000Petty cash2,000Insurance (up to June, 2020)1,20060,800Petty cash expenses2,200Cash received from Debtors65,000Cash paid by Debtors direct tº H.O.5,000Discount allowed to Debtors500Stock on 31-3-202018,000Goods costing Rs. 2,500 were damaged in transit and a sum of Rs. 2,000 was receivedfrom Insurance Company. Provide depreciation on furniture at 10% p.a.​