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Find the head office account in the books of the branch

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Reference no: EM132643428

The following transactions took place in the Cape Town branch of Silk traders for the year ended 28 February 2020:

Goods from head office at cost       R 1,900

Rent paid by Head Office                 R 10,000

Branch paid their electricity account R 1,200

Cash sales by the branch                 R 25,500

Problem 1: The head office account in the books of the branch will have a closing balance of:

a. R 11 200

b. R 26 700

c. R 11 900

d. R 38 600

Reference no: EM132643428

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