Questions and Answers
Explain the entries in the Madras Branch account for the year 1989 based on the given particulars.
Goods sent to Madras Branch: 15,000, Cash sent to Branch for Rent: 45,000, Salaries: 1,800, Other expenses: 1,800, Cash received from the branch: 3,000, Stock on 31st December: 24,000, Petty cash in hand on 31st December: 30
Calculate the total amount of cash sent to the Madras Branch for the years 1989 and 1990 combined.
Total cash sent to Madras Branch: 45,000 (1989) + 60,000 (1990) = 105,000
What are the total expenses for the Madras Branch in the year 1990?
Total expenses for the Madras Branch in 1990: 2,300 (Other expenses) + 5,800 (Salaries) = 8,100
