Karan Enterprises having its Head Office in Mangalore, Karnataka has a branch in Greenville, USA. Following is the trial balance of Branch as at…

Karan Enterprises having its Head Office in Mangalore, Karnataka has a branch in Greenville, USA. Following is the trial balance of Branch as at 31-3-2024: Particulars Amount ($) Dr. Amount ($) Cr. Fixed assets 8,000 Opening inventory 800 Cash 700 Goods received from Head Office 2,800 Sales 24,050 Purchases 11,800 Expenses 1,800 Remittance to head office 2,450 Head office account 4,300 28,350 28,350 Additional Information is as follows : (i) Fixed assets were purchased on 1st April, 2020. (ii) Depreciation at 10% p.a. is to be charged on fixed assets on straight line method. (iii) Closing inventory at branch is $ 700 as on 31-3-2024. (iv) Goods received from Head Office (HO) were recorded at 1,85,500 in HO books. (v) Remittances to HO were recorded at 1,62,000 in HO books. (vi) HO account is recorded in HO books at 2,84,500. (vii) Exchange rates of US Dollar at different dates can be taken as : 1-4-2020631-4-202365 and 31-3-202467 Prepare the trial balance after been converted into Indian rupees in accordance with AS-11.