Pass journal entries in the books of ABC Company head office who-01925
This subjective question is related to the book/course
vu mgt402 Cost & Management Accounting.
It can also be found in
vu mgt402 Mid Term Solved Past Paper No. 3.
Question 1: Pass journal entries in the books of ABC Company's head office who maintains its branch books under stock and debtor system, if the goods are:
Required:
Based on the above information, calculate the amount of subscription income for the year 2005.
- sent to the branch at invoice amounting to Rs. 5,000;
- returned by the branch to head office amounting to Rs. 2,000.
| Particulars | Rs. |
| Subscription received during the year 2005 | 4,500 |
| Subscription outstanding at the beginning of the year 2005 | 1,400 |
| Subscription outstanding at the end of the year 2005 | 2,600 |
Required:
Based on the above information, calculate the amount of subscription income for the year 2005.
