4. Anderson Bros., Chennai has a branch at Agra. All goods required for sale at Agra aresupplied from Chennai at cost-plus 25% and all cash received at the branch is banked daily inthe Head Office Account opened in a Bank at Agra. From the following particulars, prepareBranch Account and Branch Debtors Account.ParticularsRs.ParticularsRs.Stock (1.1.20..)7900 Cash Sales1400Debtors (1.1.20...)11300Reserve for Doubtful Debts1500Return from DebtorsPetty Cash (1.1.20...)Goods invoiced to branch9040025000 Branch expenses paid by head office:Returned goods to head office1000Rent1400Bad DebtsAllowance given100Salaries1500450Sundries700Petty Cash Expenses240Total Sales34900Stock 31.12.20...8400Remittance to Branch for Petty Cash280Debtors 31.12.20..195105. Write short notes on any two of the following:a. Profit & Loss A/c vs. Profit & Loss Appropriation A/cb. Capital Expenditure vs. Revenue Expenditurec. Convention of Full Disclosured. Gradual (Piecemeal) Distribution of Cash

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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. 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

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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