BRANCH STOCK ACCOUNT

BRANCH STOCK ACCOUNT

Dr. Cr.
Particulars Amount Particulars Amount
To Balance b/d(Opening Stock) By Branch Debtors A/c (Credit Sales)
Stock at Branch By Branch Cash A/c (Cash Sales)
Goods in transit By Goods Sent to Branch A/c
To Goods Sent to Branch A/c (Goods return by Branch to H.O.)
( Goods sent by head office) By Goods Sent to Branch A/c
To Goods Sent to Branch A/c (Goods transferred to other branches)
( Goods received from other branches) By Branch Adjustment A/c
To Branch Debtors A/c (Loading of abnormal loss/shortages)
By Branch P & L A/c
(Goods returned by Branch customers) (Cost of abnormal loss/shortages)
To Branch Adjustment A/c By Branch Adjustment A/c (Normal Loss)
(Surplus due to selling goods at By Branch Adjustment A/c (Deficiency
a price which is higher than the due to selling goods at a price
invoice price) which is lower than the invoice price)
In case of Abnormal Surplus: By Balance c/d:
To Branch Adjustment A/c Stock at Branch
(Loading on Surplus) Goods in transit
To Branch Profit & Loss A/c
(Cost of Surplus)
BRANCH DEBTORS ACCOUNT

BRANCH DEBTORS ACCOUNT

Dr Cr.
PARTICULARS AMOUNT PARTICULARS AMOUNT
To Balance b/d By Branch Cash A/c
To Branch Stock A/c (Credit Sales) (Cash paid to Branch)
To Bills Receivable A/c (B/R dishonoured) By Cash A/c (Direct payment to HO)
By Bills Receivable A/c
By Branch Stock A/c
(Return of goods to Branch)
By Goods Sent to Branch A/c
(Return of goods by debtors direct
By Branch Expenses A/c
(Bad Debts, discount, etc.)
By Balance c/d
 BRANCH CASH ACCOUNT

BRANCH CASH ACCOUNT

Dr. Cr.
PARTICULARS AMOUNT PARTICULARS AMOUNT
To balance b/d By Branch Stock A/c
To Branch Debtors A/c (Goods purchased by branch from
(Cash collected from branch debtors) open market)
To Branch Stock A/c By Branch Expenses A/c
(Cash received on cash sale) (Expenses paid by branch)
To Branch Fixed Assets By Branch Fixed Assets
(Cash receipt on sale of fixed asset) (Cash paid on purchase of assets)
To Cash A/c (cash paid by HO By Cash A/c (Cash remitted to HO)
to branch for expenses) By Balance c/d(Bal. fig.)
BRANCH ADJUSTMENT ACCOUNT

BRANCH ADJUSTMENT ACCOUNT

Dr. Cr.
PARTICULARS AMOUNT PARTICULARS AMOUNT
To Branch Stock A/c (Loading on By Stock Reserve A/c (Loading on
abnormal loss/shortage) opening branch stock)
To Branch Stock A/c (IP of Normal Loss) By Branch Stock A/c (Surplus due to
To Branch Stock A/c (Loss due to selling selling the goods at a price which is
goods at less than the IP) higher than the IP)
T Goods Sent to Branch A/c (Loading By Goods sent to Branch A/c (Loading
on goods returned by branch to head on goods sent to Branch)
office or to other branches) By Branch Profit & Loss A/c
To Stock Reserve A/c (Loading on (Gross Loss - transferred)
closing branch stock)
To Branch Expenses A/c (Direct expenses)
To Branch Profit & Loss A/c
(Gross Profit - transferred)
BRANCH EXPENSES ACCOUNT

BRANCH EXPENSES ACCOUNT

Dr Cr.
PARTICULARS AMOUNT PARTICULARS AMOUNT

To Branch Cash A/c(wages, salaries, By Branch Adjustment A/c

rent, etc.,) (transfer of - Direct Expenses)
To Cash a/c (Expenses paid by HO directly) By Branch Profit & Loss A/c
To Branch Petty Cash A/c (transfer of - Indirect Expenses)
(Branch petty expenses)
To Branch Assets A/c (Dereciation)
To Branch Debtors A/c
(Bad debts, discount allowed, etc.,)
BRANCH PROFIT & LOSS ACCOUNT

BRANCH PROFIT & LOSS A/c

Dr. Cr.
PARTICULARS AMOUNT PARTICULARS AMOUNT

To Gross Loss, transferred from By Gross Profit, transferred from

Branch Adjustment A/c Branch Adjustment A/c
To Branch Stock A/c By Branch Stock A/c (Cost of Surplus, i.e.
(Cost of abnormal loss/shortage) excesss of sale price over invoice
To Branch Expenses A/c price ; in case of abnormal surplus)
(Indirect Expenses) By Cash/Branch Cash A/c
To Net Profit; transferred to (If Insrance claim is received) or
General Profit & Loss A/c By Insurance Co. a/c (if claim is
due and receivable)
By Net Loss; transferred
to General Profit & Loss A/c
GOODS SENT TO BRANCH ACCOUNT

GOODS SENT TO BRANCH ACCOUNT

Dr. Cr.
PARTICULARS AMOUNT PARTICULARS AMOUNT

To Branch Stock A/c By Branch Stock A/c

(for return of goods by branch) (for sending goods to branch by HO or
To Branch Debtors A/c by other branch)
(Return of goods by debtors to branch) By Branch Adjustment A/c
To Cash A/c (For loading on goods returned)
(Return of goods by cash customers)
To Branch Adjustment A/c
(for loading on goods sent
by HO or other branch)
To (HO) Purchae/Trading A/c(transfer)
BRANCH FIXED ASSETS (PPE) ACCOUNT

BRANCH FIXED ASSETS (PPE) ACCOUNT

Dr. Cr.
PARTICULARS AMOUNT PARTICULARS AMOUNT

To Balance b/d By Branch Expenses A/c

To Branch Cash A/c (Depreciation Transferred)
(Payment by Branch) By Balance c/d
To Cash a/c (Payment by HO)
To Vendor A/c
(Purchase on credit)
 STOCK RESERVE ACCOUNT

STOCK RESERVE ACCOUNT

Dr. Cr.
PARTICULARS AMOUNT PARTICULARS AMOUNT

To Branch Adjustment A/c By Balance b/d

(Loading on opening stock) By Branch Adjustment A/c
To Balance c/d (Loading on closing stock)