Alfa of Chennai has a branch at Mumbai to which goods are sent @ 20% above cost. The branch makes both cash and credit sales. Branch expenses are…

Alfa of Chennai has a branch at Mumbai to which goods are sent @ 20% above cost. The branch makes both cash and credit sales. Branch expenses are met partly from H.O. and partly by the branch. The statement of expenses incurred by the branch every month is sent to head office for recording. Following further details are given for the year ended 31st December, 2023: Particulars ₹ Cost of goods sent to Branch at cost 2,00,000 Goods received by Branch till 31-12-2023 at invoice price 2,20,000 Credit Sales for the year @ invoice price 1,65,000 Cash Sales for the year @ invoice price 59,000 Cash Remitted to head office 2,22,500 Expenses paid by H.O. 12,000 Bad Debts written off 750 Balances as on 1-1-2023 ₹ 31-12-2023 ₹ Stock 25,000 (Cost) 28,000 (invoice price) Debtors 32,750 26,000 Cash in Hand 5,000 2,500 You are required to prepare Branch stock account and branch debtor account in the books of the head office for the year ended 31st December, 2023.