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 ______

Related MCQs

• If the opening balance of petty cash is Rs 1000, closing balance is Rs 500 and the petty cash received from HO is Rs 700, then what will be the amount of sundry expenses _____
• 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.
• If the opening balance of debtors is Rs 16,000 and closing balance is Rs 80,000, cash received from debtors is Rs 35,000 and bad debts is Rs 1,000, then what will be the amount of credit sales?
• Opening balance of debtors a/c is Rs 1,40,000. Credit sales is Rs 10,74,000 and closing balance of Debtors a/c is Rs 1,90,000. What is the amount of cash collection from the debtors?
• When Branch pays expenses for H.O. the following account is debited in the books of the branch _______
• ____________ account is prepared to adjust the loads included in the value of opening stock and closing stock.
• 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?
• Stock and debtors system is generally used when goods are sent to the branch at _____
• The difference between goods sent by H.O. and received by branch is known as _______
• H.O. sent goods to branch at invoice price 50% plus on original price. How many percentage of profit will be on Invoice price?