Learn with Yuvnesh

 Format Under Stock and Debtor Account 

Important journal entries of this method are as follows:  Common Journals for both cost and invoice price transactions:   Transactions Journals For goods sent to branch. Branch Stock A/c… ................................ Dr. To Goods sent to branch A/c For cash sent to branch by H.O. Branch Cash A/c… ................................ Dr. To Bank A/c For cash sales at branch. Bank A/c… ................................ Dr. (Money remitted directly to H.O) Branch Cash A/c… ................................ Dr. (Money remitted through branch) To Branch Stock A/c For credit sale at branch. Branch Debtors A/c… ................................ Dr. To Branch Stock A/c When goods returned by the branch to the H.O. Goods sent to branch A/c… ......................

 Stock and Debtor System in  Branch Accounting  Stock and Debtor for accounting of branch is used for exercising more detailed control over the working of a branch. Under this method several accounts are opened in the books of head office in place of one branch account. By opening detail accounts of several transactions greater supervision can be imposed on the financial activities of branch. Generally, following accounts are prepared for both cash price and invoice price transactions. (A)    Branch Stock Account. (either at cost price or invoice price) (B)    Branch Debtors Account. (C)    Branch Cash Account. (D)   Branch Expenses Account. (E)     Branch Profit / Loss Account. (F)     Abnormal loss Account. (G)   Goods sent to Branch Account. Etc. In case of invoice price transaction in addition to the above accounts an additional account is opened, called Branch Stock Adjustment Account, to reduce load o

  ACCRINT Function in MS Excel What is the ACCRINT Function? The ACCRINT Function is an Excel  Financial function . The function will calculate the accrued interest for a security that pays interest on a periodic basis. ACCRINT helps users calculate the accrued interest on a security, such as a bond, when that security is sold or is transferred to a new owner on a date other than the issue date or on a date that is an interest payment date. Syntax The syntax for the ACCRINT function in Microsoft Excel is: ACCRINT( issue_date, first_interest_date, settlement_date, rate, par, frequency, [basis], [calculation_method] ) Parameters or Arguments issue_date The date that the security was issued. first_interest_date The date that the first interest will be paid. settlement_date The settlement date of the security. rate The annual coupon rate for the security. par The par value of the security. If this parameter is omitted, the ACCRINT function will assume th