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Accounting

Ch 6 · Branch Accounts

5 concept points · 3 formulas · 4 exam-critical points.

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Concept
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Chart Summary
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Formula Sheet
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Important Points

🧮 Formula sheet

  1. 1.Closing Stock Reserve = Closing Stock at Invoice Price × (Loading%/100+Loading%)
  2. 2.Loading = Invoice Price − Cost Price
  3. 3.Goods sent to Branch at IP − Loading = Cost

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