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Majda company has a branch at Delhi goods are invoiced to the branch at cost plus 25% branch gives its own sales ledger and deposit all cash received daily to the head office account in a local bank all branch expenses are to be paid by head office prepare branch account as on 31st March 2017 from the following?
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Majda company has a branch at Delhi goods are invoiced to the branch a...
Branch Account as on 31st March 2017

Details:
- Goods invoiced to branch at cost plus 25%
- Branch maintains its own sales ledger
- Cash received daily deposited to head office account in local bank
- Head office responsible for paying all branch expenses

Calculation:
1. Calculate Cost of Goods Sold (COGS)
- COGS = Cost of goods + 25% markup
2. Calculate Gross Profit
- Gross Profit = Sales - COGS
3. Calculate Net Profit
- Net Profit = Gross Profit - Expenses

Branch Account as on 31st March 2017:
- Sales: __________
- Cost of Goods Sold: __________
- Gross Profit: __________
- Expenses: __________
- Net Profit: __________

Explanation:
- Sales: This refers to the total revenue generated by the branch during the period. It is calculated by adding up all the sales made during the period.
- Cost of Goods Sold: This refers to the cost of the goods sold by the branch during the period. It is calculated by adding up the cost of the goods and adding a 25% markup.
- Gross Profit: This is the profit made by the branch before deducting expenses. It is calculated by subtracting the COGS from the sales.
- Expenses: This refers to all the expenses incurred by the branch during the period. This includes rent, salaries, utilities, etc.
- Net Profit: This is the profit made by the branch after deducting all expenses. It is calculated by subtracting the expenses from the gross profit.
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Majda company has a branch at Delhi goods are invoiced to the branch at cost plus 25% branch gives its own sales ledger and deposit all cash received daily to the head office account in a local bank all branch expenses are to be paid by head office prepare branch account as on 31st March 2017 from the following?
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Majda company has a branch at Delhi goods are invoiced to the branch at cost plus 25% branch gives its own sales ledger and deposit all cash received daily to the head office account in a local bank all branch expenses are to be paid by head office prepare branch account as on 31st March 2017 from the following? 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 Majda company has a branch at Delhi goods are invoiced to the branch at cost plus 25% branch gives its own sales ledger and deposit all cash received daily to the head office account in a local bank all branch expenses are to be paid by head office prepare branch account as on 31st March 2017 from the following? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Majda company has a branch at Delhi goods are invoiced to the branch at cost plus 25% branch gives its own sales ledger and deposit all cash received daily to the head office account in a local bank all branch expenses are to be paid by head office prepare branch account as on 31st March 2017 from the following?.
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