1.

delhi stores has its branch at Lucknow. goods are Invoiced to this branch at 20 %Profit on invoice. price from the following details prepare Branch Account in the books of Head office showing Branch profit : Goods Supplied to Branch ( At Invoice price) 38000, wages ( Paid by Head Office) 1520, rent ( Paid by Head Office) 1800, Sundry Expenses ( Paid by Head Office) 200 cash sale 24800, cash received from debtors 10000, credit sale 11200, discount allowed to customers 400, goods spoiled 100, goods returned to customers 200

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