Chapter - 11 branch format 1& 2 method.ppt

Branch Account
Branch Account
Format
Format

CANNUGHT PLACE
(BRANCH OFFICE)
VIKAS PURI
(BRANCH OFFICE)
JANAKPURI
(HEAD OFFICE)
RAJOURI GARDAN
(BRANCH OFFICE)

Debtors System
Ledger Requirement: -
(1) Branch Account
(2) Branch Debtors Account

Particulars ` Particulars `
Proforma Branch Account (Cost Price)
Balance b/d
(opening balance of
individual assets at the
branch)
Goods sent to Branch A/c
Cash/Bank A/c
(For expenses paid by head
office)
Balance c/d
(Closing balances of
liabilities at the branch)
General Profit and Loss
A/c (Profit)
Balance b/d
(Opening balances of individual
Cash / Bank A/c
(Remittances from branch,
(Return to Head Office)
Balance c/d
(Closing balances of assets at
the branch)
General Profit and Loss A/c
(Loss)
x x
x x
x x
x x
x x
x x
x x
x x
x x
x x
x x x x x x

Branch Debtors Account
Balance b/d
(Opening Balance)
Sales (Credit)
Bills Receivable A/c
(Dishonoured)
x x
x x
x x
Cash/Bank A/c
(Collection from customers)
Discount (Allowed) A/c
Sales Returns
(or Returns Inward)
Allowances (Allowed) A/c
Bad Debts A/c
Bills Receivable A/c
Balance c/d
(Balance at the end)
x x
x x
x x
x x
x x
x x
x x
x x x x x x

Proforma Branch Account (Selling Price)
Balance b/d
(opening balance of
individual assets at the
branch)
Cash/Bank A/c
(For expenses paid by head
office)
To Goods sent to branch
(loading for return goods)
To Stock Reserve
(Loading for closing stock)
Balance c/d
(Closing balances of
General P & L A/c (Profit)
Balance b/d
(Opening balances of individual
By Stock Reserve
(Loading for opening stock)
Cash / Bank A/c
(Remittances from branch,
(Return to Head Office)
By Goods sent to branch
(loading)
Balance c/d
(Closing balances of assets at
the branch)
General Profit and Loss A/c
(Loss)
x x
x x
xx
xx
x x
xx
x x
x x
x x
x x
x x
x x
x x
x x
x x x x x x

Stock and Debtors System
Ledger Requirement
(1) Branch Stock A/c
(2) Branch Adjustment A/c
(3) Branch Profit & Loss A/c
(4) Branch Debtors A/c
(5) Branch Expense A/c
(6) Petty Cash A/c

Proforma Branch Stock Account
Balance b/d
(Opening Stock)
Branch Debtors A/c
(Sales Return)
Branch Adjustment A/c
(Surplus)
By Goods sent to Branch
transfer to other branch)
Branch Cash A/c
(Cash Sales)
Branch Debtors A/c
(Credit Sales)
(Returns to H.O.)
Branch Adjustment A/c
(Normal Loss and Abnormal
Loss)
Balance c/d
(Closing Stock)
By Branch Adjustment
(Shortage or Spoilage) Load up
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Chandigarh Branch Adjustment Account (Loading) (G.P.)
Branch Stock Load for
Shortage
Normal Loss (Total)
Goods Pifered (Load)
Loss by fire (Load)
Goods sent Branch A/c
Stock Reserve A/c
Chandigarh Branch Profit
and Loss A/c
Stock Reserve A/c
By Branch Stock A/c
(Surplus from sale)
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Chandigarh Branch Profit and Loss A/c (N.P.)
Branch Stock (Cost of
Shortage)
Goods Pilfered (cost)
Loss by fire (cost)
Insurance Expenses
Branch Expenses A/c
To Branch Debtors
Bad debts
Discount
To Net Profit
Chandigarh Branch Adjustment
A/c
Insurance Company
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Stock Reserve Account
Chandigarh Branch
Adjustment Account
Balance c/d
Balance b/d
Chandigarh Branch Adjustment
Account
----
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Branch Expense Account
To Bank (Expense)
To Rent
To Salary
To Other Expense Paid
By Profit & Loss A/c
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Chandigarh Branch debtors Account
Balance b/d
Chandigarh Branch Stock
Account
(Credit Sales)
(Branch Adjustment)
Bad Debts Account
Discount
By Allowances
Chandigarh Branch Stock A/c
(Sales Returns)
Cash (B/f)
Balance c/d
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Chapter - 11 branch format 1& 2 method.ppt

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Chapter - 11 branch format 1& 2 method.ppt