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Branch accounts (bcom 1st yr)


Savithry (Student)     30 April 2019

Savithry
Student 
 2 likes  60 points

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X Ltd., has a retail branch at Madras. Goods are sold to customer at cost plus 100%. The invoice or wholesale price is cost plus 80%. From the following particulars, find out the profit made at Head Office and at Madras Branch for the year ended 31-12-95.                                               
             

Head office:

Stock on 1.1.95
4,50,000
 

Purchases
43,00,000
 

Goods sent to Branch ( at Invoice Price)
19,08,000
 

Sales
57,06,000 

Madras(sales) :

19,00,000

Sales at Head Office are made only on wholesale basis and that at branch only to consumers.




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