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Prepare branch account

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Question - Manoj Ltd., Mumbai has a branch in Agra. The head office sends goods to branch at cost plus 50%. From the following particulars, prepare Branch account.

Goods from HO at invoice price 50,000

Goods returned to HO 1,000

Cash sales 35,500

Credit sales 8,000

Stock at the beginning of the year 10,000

Stock at the end of the year 11,000

Reference no: EM132982240

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