a branch, certain aniotnnt of shortage or surplus is detected. These are not to be shown in the Branch Account because the closing stock crcdited to the Branch. This account will not disclose profit or loss, but discloses shortage, surplus or closing stock of goods. 2. Branch 2. Cost of stock shortage = 100/125 × Rs. 4,000 = Rs. 3,200. Solution 8. Branch Trading & Profit & Loss Account Particulars 3 By Cash a/c (Insurance claim) By Branch Stock a/c By Goods in Transit a/c By By Branch adjustment a/c (Shortage)* By Balance c/d Branch Debtors Account A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, and precious metals. Puts money in a savings account at a bank; Contributes to a pension plan; Pays premiums to an insurance company; Invests in government
The account helps the Head Office in. maintaining an effective control over the Branch Stock and tells about shortage and. surplus in the branch stock because COC Branch Accounting CA/CMA Santosh Kumar IMPORTANT POINTS OF OUR Debtors(opening) = 40,000 Stock(opening) = 25,000 Goods sent to Branch = Rs. 7 (2) Shortage is credited to Branch Trading & debited to P & L A/c. at cost a branch, certain aniotnnt of shortage or surplus is detected. These are not to be shown in the Branch Account because the closing stock crcdited to the Branch. This account will not disclose profit or loss, but discloses shortage, surplus or closing stock of goods. 2. Branch
8 Aug 2019 Cash shortages are recorded in a separate income statement expense account usually known as the cash short or over account. It provides a comprehensive account of the stock or supply of various items. A circular Letter sample announcing the opening of a branch in a city Mar 24,
Branch Stock Account discloses shortage or surplus after entering the closing stock at selling price on the credit side. Stock is taken at actual count. If the debit side is more, shortage occurs; and if credit side is more it is surplus.
Stock and Debtors system. Final Accounting System. Wholesale Branch system. 2. Independent Branch. An independent branch means a branch, which maintains its own set of books. Such a branch can either be a home branch or a foreign branch. Related: Departmental Stores Accounts: Explanation, Importance (Explained). branches prepare the books of accounts in foreign country’s currency and equal to the features of independent branches. 8. State the methods of accounting for branch accounting. These are four methods of accounting for branch accounting. Debtors Method Stock and Debtors Method Final account method Whole sale branch method 9. What is debtor