Which of the following options shows the correct mark-down on cost in the branch inventory account of Servaton Ltd for the year ended 31 January 2017?…
R5 200 Transactions during the year ended 31 January 2017: Inventory sent to branch (selling price)…………………………….R156 200 Sales by the branch ……………………………………………………..R Cash sales ………………………………………………………………….R71 600 Credit sales………………………………………………………………….R57 600 Returns to head office (cost price) ………………………………….R7 400 Cash received from branch debtors ……………………………….R11 200 Settlement discount granted to branch debtors ………………..R1 000 Inventory stolen at the branch (selling price) …………………….R7 500 Sundry expenses of the […]