180 Accountancy and Financial Management (F. Y.B.Com.: SEM.) illustration 4 : Gupta Traders of Patna have their branch at Mumbai. Prepare the necessary accounts in the bo of the Head Office from the following transactions with the branch. Particulars pola aioli eee ee al Opening Balances : Closing Balances : Oks - Petty Cash at Branch 1,250] - Petty Cash at Branch 1,889 - Stock at Branch 77,000] - Debtors at Branch 1,26,150 - Debtors at Branch 41,250] - Stock at Branch 57,880 Goods sent to Branch during the year | 3,78,000] Discount allowed to customers 1,060 Amount remitted to the Branch : Amount remitted by the Branch : 26,250 - For Petty Cash Expenses 7,500] - Cash Sales 4,10,350 - For Salary 18,500} - Realisation from Debtors - For Rent and Taxes 6,000] Mr. Sharma to whom goods were sold by Branch directly remitted the 9,000 amount to H.O.(6) Date Pago. Ge=0 7 Ok Paty awe. their a tine Necessouy accounts Inthe Books op the H ansactions with Hod! wrtsieh, a oe | ta tration us = | = 1g 500 | were sole by branch direc Posticbars = Patt culos z f Balances: = forty, (ash at Branch | 1250 | Pf, 138d ~=Sipck ot Branch, +3000 | — Debtors at Pranth 126150 ~poblors at Branth | 41250 _- sipck ar Rranth 54880 Goods Sent tp Brant Diccount allowed 40 fustrrners| 106° — lag the Year 338000 Ameunt Tent Hod by Branch! Amount tunitted tp |= (ash Sales 26250 _ tye Branch | ~ osu atin kr _Debtors 410350. = Fox Petty (ash Expenses $500 _ tv. Sh who SS = for Salauy = For Rent and Taxes | 600 | yowittect the amount to H-O | 400 Tn the Books Of HO Head Dbicice S br Mumbat Branth Acupunt ae : Dantes 2 Pasticul pis ee = = Op: |Buy Amt Remi tte 26250 Porhy (ash 1250 | By fan Salen M0850 tock ea | Ry Realisation from | ___ _Dobtors 41250 | Debtors good To Goods Sent = Branch | 3ER000, Buy Cosing Bak To Amount Renittante’ | P. b 1$80 Po h 450 Debtors laéisod : 0 [18500 stoue 54880 al Rent and Taxes _| 6000 | To fenual PeL ale | 102010] ad | | { Ws 631510 63{Sl0 | i i}