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A Raipur Head Office has a branch in Indore. All goods are supplied to branch by Head Office at cont pris Branch make only cash sales. The following are the particulars for 2015-16: も Opening Stock Goods Supplied to Branch Cash Sales Expenses paid by Head Office 50,000 Branch sells goods at cost plus 25%, closing stock could not be ascertained. Branch Manager gets 10% commission on profit after charging commission. Prepare Indore Branch A/c.?
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A Raipur Head Office has a branch in Indore. All goods are supplied to...
Indore Branch A/c for the year 2015-16
Opening Stock:
- The value of the opening stock is not mentioned in the given information.
Goods Supplied to Branch:
- The value of goods supplied to the branch by the Head Office is not provided.
Cash Sales:
- The branch only makes cash sales. The value of cash sales made by the branch is not mentioned in the given information.
Expenses paid by Head Office:
- The amount of expenses paid by the Head Office on behalf of the branch is not specified.
Selling Price:
- The branch sells goods at cost plus 25%.
Closing Stock:
- The value of the closing stock is not given.
Commission:
- The branch manager receives a 10% commission on the profit after charging commission.
Calculation of Indore Branch A/c:
1. Opening Stock: The value of the opening stock needs to be determined.
2. Purchases: The goods supplied by the Head Office to the branch are considered as purchases for the branch. The value of goods supplied needs to be known to calculate the purchases.
3. Sales: The cash sales made by the branch need to be determined.
4. Gross Profit: Gross profit can be calculated by subtracting the cost of goods sold from the sales.
5. Expenses: The expenses paid by the Head Office on behalf of the branch need to be accounted for.
6. Net Profit: Net profit can be calculated by subtracting the expenses from the gross profit.
7. Commission: The branch manager's commission can be calculated by applying a 10% commission on the net profit after charging commission.
8. Closing Stock: The value of the closing stock needs to be determined to complete the Indore Branch A/c.
Conclusion:
In order to prepare the Indore Branch A/c for the year 2015-16, the missing information such as the value of opening stock, goods supplied to the branch, cash sales made by the branch, expenses paid by the Head Office, and the value of closing stock is required. With this information, the calculations can be carried out to determine the various components of the Indore Branch A/c, including gross profit, net profit, and the branch manager's commission.
Opening Stock:
- The value of the opening stock is not mentioned in the given information.
Goods Supplied to Branch:
- The value of goods supplied to the branch by the Head Office is not provided.
Cash Sales:
- The branch only makes cash sales. The value of cash sales made by the branch is not mentioned in the given information.
Expenses paid by Head Office:
- The amount of expenses paid by the Head Office on behalf of the branch is not specified.
Selling Price:
- The branch sells goods at cost plus 25%.
Closing Stock:
- The value of the closing stock is not given.
Commission:
- The branch manager receives a 10% commission on the profit after charging commission.
Calculation of Indore Branch A/c:
1. Opening Stock: The value of the opening stock needs to be determined.
2. Purchases: The goods supplied by the Head Office to the branch are considered as purchases for the branch. The value of goods supplied needs to be known to calculate the purchases.
3. Sales: The cash sales made by the branch need to be determined.
4. Gross Profit: Gross profit can be calculated by subtracting the cost of goods sold from the sales.
5. Expenses: The expenses paid by the Head Office on behalf of the branch need to be accounted for.
6. Net Profit: Net profit can be calculated by subtracting the expenses from the gross profit.
7. Commission: The branch manager's commission can be calculated by applying a 10% commission on the net profit after charging commission.
8. Closing Stock: The value of the closing stock needs to be determined to complete the Indore Branch A/c.
Conclusion:
In order to prepare the Indore Branch A/c for the year 2015-16, the missing information such as the value of opening stock, goods supplied to the branch, cash sales made by the branch, expenses paid by the Head Office, and the value of closing stock is required. With this information, the calculations can be carried out to determine the various components of the Indore Branch A/c, including gross profit, net profit, and the branch manager's commission.
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A Raipur Head Office has a branch in Indore. All goods are supplied to branch by Head Office at cont pris Branch make only cash sales. The following are the particulars for 2015-16: も Opening Stock Goods Supplied to Branch Cash Sales Expenses paid by Head Office 50,000 Branch sells goods at cost plus 25%, closing stock could not be ascertained. Branch Manager gets 10% commission on profit after charging commission. Prepare Indore Branch A/c.?
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A Raipur Head Office has a branch in Indore. All goods are supplied to branch by Head Office at cont pris Branch make only cash sales. The following are the particulars for 2015-16: も Opening Stock Goods Supplied to Branch Cash Sales Expenses paid by Head Office 50,000 Branch sells goods at cost plus 25%, closing stock could not be ascertained. Branch Manager gets 10% commission on profit after charging commission. Prepare Indore Branch A/c.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about A Raipur Head Office has a branch in Indore. All goods are supplied to branch by Head Office at cont pris Branch make only cash sales. The following are the particulars for 2015-16: も Opening Stock Goods Supplied to Branch Cash Sales Expenses paid by Head Office 50,000 Branch sells goods at cost plus 25%, closing stock could not be ascertained. Branch Manager gets 10% commission on profit after charging commission. Prepare Indore Branch A/c.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A Raipur Head Office has a branch in Indore. All goods are supplied to branch by Head Office at cont pris Branch make only cash sales. The following are the particulars for 2015-16: も Opening Stock Goods Supplied to Branch Cash Sales Expenses paid by Head Office 50,000 Branch sells goods at cost plus 25%, closing stock could not be ascertained. Branch Manager gets 10% commission on profit after charging commission. Prepare Indore Branch A/c.?.
A Raipur Head Office has a branch in Indore. All goods are supplied to branch by Head Office at cont pris Branch make only cash sales. The following are the particulars for 2015-16: も Opening Stock Goods Supplied to Branch Cash Sales Expenses paid by Head Office 50,000 Branch sells goods at cost plus 25%, closing stock could not be ascertained. Branch Manager gets 10% commission on profit after charging commission. Prepare Indore Branch A/c.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about A Raipur Head Office has a branch in Indore. All goods are supplied to branch by Head Office at cont pris Branch make only cash sales. The following are the particulars for 2015-16: も Opening Stock Goods Supplied to Branch Cash Sales Expenses paid by Head Office 50,000 Branch sells goods at cost plus 25%, closing stock could not be ascertained. Branch Manager gets 10% commission on profit after charging commission. Prepare Indore Branch A/c.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A Raipur Head Office has a branch in Indore. All goods are supplied to branch by Head Office at cont pris Branch make only cash sales. The following are the particulars for 2015-16: も Opening Stock Goods Supplied to Branch Cash Sales Expenses paid by Head Office 50,000 Branch sells goods at cost plus 25%, closing stock could not be ascertained. Branch Manager gets 10% commission on profit after charging commission. Prepare Indore Branch A/c.?.
Solutions for A Raipur Head Office has a branch in Indore. All goods are supplied to branch by Head Office at cont pris Branch make only cash sales. The following are the particulars for 2015-16: も Opening Stock Goods Supplied to Branch Cash Sales Expenses paid by Head Office 50,000 Branch sells goods at cost plus 25%, closing stock could not be ascertained. Branch Manager gets 10% commission on profit after charging commission. Prepare Indore Branch A/c.? in English & in Hindi are available as part of our courses for B Com.
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Here you can find the meaning of A Raipur Head Office has a branch in Indore. All goods are supplied to branch by Head Office at cont pris Branch make only cash sales. The following are the particulars for 2015-16: も Opening Stock Goods Supplied to Branch Cash Sales Expenses paid by Head Office 50,000 Branch sells goods at cost plus 25%, closing stock could not be ascertained. Branch Manager gets 10% commission on profit after charging commission. Prepare Indore Branch A/c.? defined & explained in the simplest way possible. Besides giving the explanation of
A Raipur Head Office has a branch in Indore. All goods are supplied to branch by Head Office at cont pris Branch make only cash sales. The following are the particulars for 2015-16: も Opening Stock Goods Supplied to Branch Cash Sales Expenses paid by Head Office 50,000 Branch sells goods at cost plus 25%, closing stock could not be ascertained. Branch Manager gets 10% commission on profit after charging commission. Prepare Indore Branch A/c.?, a detailed solution for A Raipur Head Office has a branch in Indore. All goods are supplied to branch by Head Office at cont pris Branch make only cash sales. The following are the particulars for 2015-16: も Opening Stock Goods Supplied to Branch Cash Sales Expenses paid by Head Office 50,000 Branch sells goods at cost plus 25%, closing stock could not be ascertained. Branch Manager gets 10% commission on profit after charging commission. Prepare Indore Branch A/c.? has been provided alongside types of A Raipur Head Office has a branch in Indore. All goods are supplied to branch by Head Office at cont pris Branch make only cash sales. The following are the particulars for 2015-16: も Opening Stock Goods Supplied to Branch Cash Sales Expenses paid by Head Office 50,000 Branch sells goods at cost plus 25%, closing stock could not be ascertained. Branch Manager gets 10% commission on profit after charging commission. Prepare Indore Branch A/c.? theory, EduRev gives you an
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