4. Anderson Bros., Chennai has a branch at Agra. All goods required for sale at Agra are supplied from Chennai at cost-plus 25% and all cash received at the branch is banked daily in the Head Office Account opened in a Bank at Agra. From the following particulars, prepare Branch Account and Branch Debtors Account. Particulars Rs. Particulars Rs. Cash Sales Reserve for Doubtful Debts Return from Debtors 25000 Branch expenses paid by head office: Stock (1.1.20..) 7900 1400 Debtors (1.1.20...) 11300 1500 Petty Cash (1.1.20....) 90 400 Goods invoiced to branch Returned goods to head office 1000 Rent 1400 1C00

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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4. Anderson Bros., Chennai has a branch at Agra. All goods required for sale at Agra are
supplied from Chennai at cost-plus 25% and all cash received at the branch is banked daily in
the Head Office Account opened in a Bank at Agra. From the following particulars, prepare
Branch Account and Branch Debtors Account.
Particulars
Rs.
Particulars
Rs.
Stock (1.1.20..)
7900 Cash Sales
1400
Debtors (1.1.20...)
11300
Reserve for Doubtful Debts
1500
Return from Debtors
Petty Cash (1.1.20...)
Goods invoiced to branch
90
400
25000 Branch expenses paid by head office:
Returned goods to head office
1000
Rent
1400
Bad Debts
Allowance given
100
Salaries
1500
450
Sundries
700
Petty Cash Expenses
240
Total Sales
34900
Stock 31.12.20...
8400
Remittance to Branch for Petty Cash
280
Debtors 31.12.20..
19510
5. Write short notes on any two of the following:
a. Profit & Loss A/c vs. Profit & Loss Appropriation A/c
b. Capital Expenditure vs. Revenue Expenditure
c. Convention of Full Disclosure
d. Gradual (Piecemeal) Distribution of Cash
Transcribed Image Text:4. Anderson Bros., Chennai has a branch at Agra. All goods required for sale at Agra are supplied from Chennai at cost-plus 25% and all cash received at the branch is banked daily in the Head Office Account opened in a Bank at Agra. From the following particulars, prepare Branch Account and Branch Debtors Account. Particulars Rs. Particulars Rs. Stock (1.1.20..) 7900 Cash Sales 1400 Debtors (1.1.20...) 11300 Reserve for Doubtful Debts 1500 Return from Debtors Petty Cash (1.1.20...) Goods invoiced to branch 90 400 25000 Branch expenses paid by head office: Returned goods to head office 1000 Rent 1400 Bad Debts Allowance given 100 Salaries 1500 450 Sundries 700 Petty Cash Expenses 240 Total Sales 34900 Stock 31.12.20... 8400 Remittance to Branch for Petty Cash 280 Debtors 31.12.20.. 19510 5. Write short notes on any two of the following: a. Profit & Loss A/c vs. Profit & Loss Appropriation A/c b. Capital Expenditure vs. Revenue Expenditure c. Convention of Full Disclosure d. Gradual (Piecemeal) Distribution of Cash
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