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Determine: (i) Branch inventory accounts (ii) Branch mark-up accounts (iii) Branch debtors accounts (iv) Branch cash accounts

      

Sellwell Ltd operates a supermarket chain with a head office in Nairobi and branches in Meru and Eldoret.
Goods are transferred from the head office to Meru Branch at a mark-up of 25% and to Eldoret branch at a gross profit margin of 25%. The branches do not maintain separate books of accounts.
The following information relates to the transaction at both branches during the year ended 31 March 2008
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Answers


Wilfred
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Wilfykil answered the question on February 11, 2019 at 10:49


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