Branch 4

OMTEX – CLASSES F.Y.B.Com

Particular Opening stock Goods form head office Purchases Wages Sales Debtors Creditors Head office account Salaries Rent ,taxes Advertisement expenses Discount Cash in hand Cash at bank

“T HE HO ME OF T EX T” THEORY

F.Y.B.Com

Dr. Rs 30,000 1,70,000 1,10,000 20,000

Cr. Rs

3,60,000 40,000 10,000 1,00,000 20,000 10,000 12,000 7,000 50,000 1,000 4,70,000

4,70,000

1. Mukesh & co. Bombay had a branch at Calcutta. The balances of the branch for the year ending 30th June 2000. Stock on 30th June,2000 –Rs.8,000. From the above particulars prepare branch Trading and profit and loss Account and balance sheet. Pass incorporating journal entries in head office books and prepare Branch a/c in the books of head office. 2.Thefollowing is the Trial balance of the pune branch as at 31st December, 1999. Particular Dr. Particular Cr. Amt Amt Purchases 34,70 Creditors 4,680 Goods form H.O. 0 H.O current A/c 15,120 Debtors 16,20 Sales 76,400 Sundry expenses 0 Cash at bank 12,80 Petty cash 0 Stock (on 1.1.1999) 2,760 Administrative expenses 2,500 Selling expenses 100 14,54 96,200 0 8,080 4,520 96,20 0 Stock on hand on Br. on 31.12.1999 was valued at Rs 16,400. Pune branch current account in the H.O. books on 31.12.1999 stand Rs.16, 880(Dr.). On the same date, goods sent to Branch but not received by Branch amounted to Rs. 1,760. Pass incorporating journal entries in head office books 1 ACCOUNTS ( F.Y. B. Com ) OMTEX - CLASSES Branch A/c “The home of text”

OMTEX – CLASSES “T HE HO ME OF T EX T” THEORY

F.Y.B.Com

F.Y.B.Com

and prepare Branch a/c in the books of head office after creating a provision for doubtful debts at 2.5% on debtors. Incorporation entries in the books of H.O. Transaction Journal entry For the debit side items of trading Br.trading A/c ………Dr. A/c (expect G.p. or loss) To Br. A/c For the credit side items of trading A/c For the transfer of Gross profit to Profit and loss A/c For the debit side items of Br. P/LA/c (expect net profit or loss) For the credit side items of Br.P/LA/c For the transfer of Net profit to general profit and loss A/c For the incorporation of br. assets For the Br liabilities

Br. A/c …….Dr. To Trading A/c Br. Trading ……..Dr. To Br. A/c Br.P/L A/c…….Dr. To Br. A/c Br .A/c…….Dr. To Br P/L A/c Br. P/L A/c………Dr. To general P/L A/c Br. Asset A/c……Dr. To Br. A/c Br. A/c…….Dr. To Br.liability A/c

BASIC PROGRAMMING

I. Evaluate programming a. 5 * 2 – 3 / 9 + (3 – 8 ) 2 b. 7 – 3 / 2 * ( 7 – 4 ) /8 – 3

2

c. If A = 2, B = 4, C = -3.5 find INT ( A + B ) – ABS (C – A * B) / A * SQR ( 4 * A + 2 * B II. Write Expression in Basic form. a. a2 – b2 + √c3 – d - 3a + b

cd b. – b + √b2 – 4 ac 2a

2 ACCOUNTS ( F.Y. B. Com ) Branch A/c

OMTEX - CLASSES “The home of text”