Advanced financial accounting - Lecture 11: Branch accounting. The main topics covered in this chapter include: opening capital; fresh capital introduced amounted; drawings during the year amounted Rs;... Please refer to the lecture for details!
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Advanced Financial Accounting
FIN611
Mian Ahmad Farhan
Lecture11 Branch Accounting
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Closing capital xxx
xxx
Trang 3Particulars Amount Particulars Amount
Opening
assets
Opening
capital
100 70
Opening
Trang 4Particulars Amount Particulars Amount
Closing
liabilities
Closing capital
150 130
Trang 5Opening assets Rs. 100
Opening liabilities Rs. 30
Closing liabilities Rs. Rs. 20
Closing assets Rs. 150
Fresh capital introduced amounted Rs. 70 Drawings during the year amounted Rs, 100
Trang 6Fresh capital introduced amounted Rs. 70 Drawings during the year amounted Rs, 100
Trang 790
Trang 8Particulars Amount Particulars Amount
Opening assets
Fresh capital
Closing
liabilities
Profit/Loss
100 70 20
90
Opening liabilities Drawings Closing assets
30 100 150
Trang 9Particulars Amount Particulars Amount
Opening assets
Fresh capital
Closing
liabilities
Closing due
Profit/Loss
100 70 20 30
30 60
Opening liabilities Drawings Closing assets
30 100 150
Trang 10Particulars Amount Particulars Amount
Opening
assets
Fresh capital
Closing
liabilities
Closing due
100 70 20 30
Opening liabilities Drawings Closing prepaid Closing advance
30 100
30 150