( Author )
02 June 2012
Hello,it is a problem from Branch a/cs ipcc.
fancy clothes ltd,opened a branch on 1.04.2010 at Delhi.
cash sent to branch for expenses Rs 3500
stock on 31.03.2011 Rs 4000
Sundry debtors on 31.03.2011 Rs 1700
Goods sent to Branch Rs 25000
Sales-Cash Rs 10000
Credit Rs 18000
Cash received from debtors Rs 16000
Give Journal Entries and ledger a/cs for 2010-2011.
plz explain or provide the logic for Journal Entries.