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Questions and Answers
Explain the entries in the Madras Branch account for the year 1989 based on the given particulars.
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.
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?
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
