Goods are sent to branch at cost plus 20%. If closing stock of the branch is Rs 60,000 at invoice price, Rs ______ will be credited to stock reserve a/c.

Related MCQs

• H.O. sent goods to branch at invoice price 50% plus on original price. How many percentage of profit will be on Invoice price?
• HO sends goods to branch at invoice price after adding 25% on cost price, so profit would be ___ % of invoice price
• H.O. has sent goods on invoice price worth Rs 2,40,000 which are 25% above cost price. What is the loading element?
• Goods sent by HO but not received by branch before the end of the year, by debiting it to goods in transit, which account should be credited?
• HO sends goods to branch at 20% profit on invoice price, therefore the percentage of profit on cost comes to ______
• H.O. sent Rs 5000 as petty cash to branch during the year. Opening and closing balances of petty cash was Rs 1400 and Rs 400 respectively. Then petty expenses of the branch during the year will be ______
• The adjusting entry for difference between the invoice price and cost price of goods are shown in ________
• Stock and debtors system is generally used when goods are sent to the branch at _____
• ____________ account is prepared to adjust the loads included in the value of opening stock and closing stock.
• The difference between goods sent by H.O. and received by branch is known as _______