Debtors Method Branch A/c To Bal B/d By Cash (remited To Ho) 45000 Imprest Cash 2000 By Cash Colle

### Sundry Debtors 25000 By Cash (remited To Ho in Transit) 5000 Stock Transfer from HO 24000 Direct Purchase 16000 Goods Sent to H.O. 60000 To Purchase 45000 By Bal C/d To Cash (Br exps) 30000 Imprest Cash 2000 To Petty Cash Exps 4000 Debtors 24000 To Profits 15000 Stock 25000 ### ###

Memorandum Trad To Opening Stock To Purchase To Goods Rece from HO To Gross Profit ToBr Exps To Petty Exps To Discount To Bad Debts To Profits

Opening Bal Credit Sales

Debtors A/c 25000 By Cash (Collection) ### By Discount By Return By Bad Debts By C/D ###

### 2000 3000 1000 24000 ###

Stock and Debtors Method Branch A To Bal B/d Stock Transfer from HO Direct Purchase Goods Sent to H.O. To Purchase To Profits

Branch Exps A/c To Cash A/c To Petty Cash

General P/L To Br Exps To Discount To Bad Debts

Memorandum Trading P/L A/c 40000 By Sales 45000 Cash 60000 Credit less return By Closing Stock 52000 ### 30000 By G/P B/d 4000 2000 1000 15000 ###

45000 ### 25000 ### 52000

###

ebtors Method Branch A/c By Cash Sales 45000 By Credit Sales less Return ### 24000 By Bal C/d 16000 60000 45000 Stock 25000 52000 ### ###

30000 By General P/L A/c 4000 34000

34000 34000

34000 By Bal B/D 2000 1000 15000 52000

52000

52000

Stock and Debtor Method Br Stock A/c To Bal B/d 30000 By Sales To Goods Sent to Br ### Credit Cash By Bal C/D Goods in Transit To Br Adjustments A/c 2000 Stock Balance ###

### 59000 20000 28000 ###

To Bal B/D To Sales A/c

Br Debtors A/c 32750 By Collection from debtors ### ### By Bad Debts 750 By Bal C/d 26000 ### ### Cash A/c 5000 By Cash (HO A/c) ### By Br Adjustment A/c 59000 By Bal C/d ###

To Bal B/d To Debtors (Collection) To Sales

### 10000 2500 ###

To To To To To To

Br Adjustment A/c Stock Reserve on Closing 8000 By Stock Reserve on Opening 5000 By Goods Sent to Br A/c 40000 G/P 39000 By Br Stock A/c 2000 ### ### Br Exps 12000 By G/P B/D 39000 Cash A/c 10000 Br Bad Debts 750 N/P 16250 ### ###

Goods Sent to Branch A/c To Shop Stock ### By Branch A/c To Br Adjustment A/c 40000 ###

### ###

To Bal B/d Stock Debtors Cash To Goods Sent to Br To Cash A/c Br exps

Debtor Method New Delhi Br A/c By Cash Remited to HO ### 30000 By Goods Sent to Br A/c(Loading) 40000 32750 5000 By Bal C/D ### Stock 48000 Debtors 26000 12000 Cash 2500

To Strock Reserve To Br Profit A/c

8000 By Stock Reserve 16250 ###

5000 ###

Goods Sent to Branch A/c To Shop Stock ### By Branch A/c To Br Adjustment A/c 40000 ###

### ###

New Delhi Br A/c Invoice Cost To Bal B/d By Sales Stock 30000 25000 Cash sales To Goods Sent to ### ### Br Credit Sales By Bal C/D Stock To Stock Adjustment A/c 1667 2000 To Br Profit A/c 37333 ### ###

InvoiceCost 59000 59000 ### ### 48000 40000

###

###

Delhi Branch Tradng & P/L A/c To Opening Stock By Sales From Ho 3200 By Goods Sent to Branch Other Goods 500 Closing Stock To Goods from HO & Purchase 60000 From Ho To GP 42700 Other Goods ### To Salaries 7000 To Rent 3000 To Office Expenditure 2000 To Dep 500 No NP 30200 ### Branch Fixed Asets A/c 5000 By Dep By Bal C/d 5000 Cash and Bank A/c (Branch Book) 1000 By Creditors 94500 By Branch Exps Salary Rent Office expenditure By Head Office A/c Cash on Hand Cash at Bank ### ### 3000 2400 1000 ### 42700

###

To balance B/d

500 4500 5000

To Bal C/d To Debtors

47000 7000 3000 2000 ### 500 4000 ###

Sales 100000 Add: Opening Debtors 9500 109500 Less: Closing Debtors 15000 Collection 94500

Opening Creditors 30000 Add: Purchases 20000 50000 Less: Closing Creditors 3000 47000

Trial Balance of Delhi Branch as on 1-1-2008 Debtors 9500 Cash 1000 Stock HO goods 4000 others 500 Creditors 30000 Head office A/c 15000 30000 30000

To Bal B/D To Cash To Goods Sent

Head Office A/c 15000 By Goods Sent 32000 3000 50000

50000

50000

Journal Entries Cash in Transit A/c 3000 Dr To Br Current A/c 3000 Loss in Transit A/c To Br Current A/c 1700 Dr 1700

To Bal B/d To P/L To Creditors

Branch Current A/c 4700 0 0 4700

Profit and Loss A/c To Loss by theft 1700 To intrim Dividend 30000 To Bal c/d 107510 139210

Balance Sheet Share Capital 800000 Profit and Loss 107510 General Reserve 100000 Sundry Creditors 32300 ###

ranch Current A/c By Cash in transit 3000 By Goods Stolen1700 By net Assets 0 4700

rofit and Loss A/c By Bal B/d 25310 By Years Profit HO 82200 Branch 31700 139210 Balance Sheet Fixed Assets Stock Sundry Debtors Cash Balance

625000 272930 69600 72280 ###