BRANCH ACCOUNTS – DEPENDENT BRANCHES METHOD : DEBTOR SYSTEM FA-IV II BCOM 2019 BATCH

1. X. Ltd with its head office in Mangaluru opened at branch at Udupi. The following are the transactions for
the year ending 31-03-2018

Rs
Opening stock 20,000
Goods sent to branch 1,20,000
Cash remitted by the head office:
Rent 12,000
Salaries 6,000
Petty cash 1,000
Cash sales at Branch 1,95,000
Closing stock 18,000
Prepare Branch A/C in the books of X Ltd.,

2. M/s Gupta Brothers, Delhi had a branch at Agra. The following are the transactions with the branch for the
year ending 31st March 2018:

Rs
Stock at branch on 1-4-2017 30,800
Debtors at branch on 1-4-2017 16,500
Petty cash as on 1-4-2017 500
Goods supplied to the branch 1,51,200
Remittance from branch:
Cash sales 10,500
Realization from debtors 1,57,740 1,68,240
Amount sent to branch:
Salary 7,440
Rent 2,400
Petty cash 3,000 12,840
Stock at branch on 31-3-2018 23,150
Debtors at branch on 31-3-2018 50,460
Petty cash as on 31-3-2018 750
Show the branch A/c in the books of Head office.

3. From the following information prepare branch A/c in the books of Head office:
Rs
Stock on 1-4-2018 1,00,000
Stock on 31-3-2019 1,20,000
Petty cash as on 1-4-2018 2,000
Petty cash as on 31-3-2019 3,000

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 BRANCH ACCOUNTS – DEPENDENT BRANCHES METHOD : DEBTOR SYSTEM FA-IV II BCOM 2019 BATCH

Furniture on 1-4-2018 50,000

Goods sent to branch 3,00,000
Goods returned by branch 10,000
Cash sent to branch for salaries 40,000
Cash sales by branch 3,20,000
Charge depreciation on furniture at 10 % p.a.

4. From the following particulars relating to Udupi Branch of Bengaluru Head Office , prepare Branch A/c in
the books of Head Office:

Particulars 31-3-2018 31-3-2019

Rs Rs
Goods sent to branch 2,10,000 3,60,000
Cash remittance to branch:
Salaries 12,000 15,000
Lighting 6,000 9,000
Selling expenses 3,500 5,000
Petty cash 1,500 2,500
Cash sales 3,20,000 4,50,000
Closing stock 28,000 32,000
Closing petty cash 400 450

5. Raja Ltd, invoice goods to Sringeri Branch at cost. The branch sells goods only for cash. From the following
information prepare Branch A/c for the year ending 31-12-2018.

Rs
Stock on 1-1-2018 12,500
Stock on 31-12-2018 14,500
Goods sent to branch 45,400
Goods returned by branch 600
Petty cash on 1-1-2018 150
Petty cash on 31-12-2018 320
Cash remittance to branch for:
Salaries 4,500
Rent 1,200
Petty cash 1,000 6,700
Cash sales 81,300

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6. From the following information prepare Branch A/c in the books of Head Office when goods are supplies at
cost price:

Rs
Opening stock 10,000
Closing stock 15,000
Goods sent to branch 50,000
Goods returned by branch 1,000
Opening petty cash 200
Closing petty cash 300
Cash sent to branch for:
Salary 4,000
Rent 1,000
Petty cash 2,000 7,000
Cash remitted by branch H.O 30,000

7. ABC Ltd is having a branch at Bangalore. Head Office sends the goods at cost price. Branch sells goods only
for cash. The following information is available:

Rs
Stock on 1-1-2018 25,000
Stovk on 31-12-2018 29,000
Goods sent to branch 90,800
Goods returned by branch 1,200
Petty cash on 1-1-2018 300
Petty cash on 31-12-2018 640
Cash sales 1,62,400
Cash remitted to branch for expenses 13,400
Prepare Bangalore Branch A/c

8. Rakshith Electricals has a branch at Madikeri at cost price. From the following particulars prepare Branch
A/c for the year 2018:

Rs
Stock at branch on 1-1-2018 5500
Petty cash on 1-1-2018 150
Furniture on 1-1-2018 3000
Goods sent to branch during 2018 70000
Sent to branch by cheque for:
Salary 4000
Rent &Rates 1750
Insurance 250
Petty expenses 750 6750

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Goods returned by branch 1500

Furniture purchased on 1-7-2018 4000
Cash sales during 2018 87500
Stock at branch on 31-12-2018 8500
Petty cash is maintained under imprest system. Depreciation is charged on furniture at 10% p.a.

9. X Ltd, is having a branch at Bangaluru. The following particulars are available as on 31-3-2018:
Rs
Opening stock 27800
Opening debtors 19400
Opening petty cash 500
Goods sent to branch 156800
Cash sales 31600
Credit sales 190800
cash received from debtors 95800
Goods returned by branch 1600
Goods sent to branch for expenses 18000
Closing stock 20900
Closing 300
Note. As closing debtors are not available, Memorandum debtors A/c should be prepared.

10. from the following particulars of Mysore Branch, prepare Branch A/c for two years:
particulars 2017 2018
Rs Rs
Goods sent to branch 1,00,000 1,40,000
Cash sales 40,000 64,000
Credit sales 72,000 1,00,000
Cash received from debtors 64,000 80,000
Discount allowed from debtors 1,000 3,000
Bad debts 1,000 2,000
Cash remittance for expenses 14,000 20,000
Closing stock at branch 16,000 28,000
Closing petty cash 250 400

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