Question

26. Rajesh of Madurai sends 150 sewing machines on consignment to Murali of Bangalore.
The cost of each machine is Rs. 2,000. But it was invoiced at Rs. 2,500. Rajesh spent
Rs. 6,000 towards freight. Murali sold 113 machines at Rs. 3,120 each. His selling
expenses amounted to Rs. 3,000. He is entitled to 6% selling commission and 2% del
credere commission. Prepare necessary ledger accounts in the books of Rajesh.​

Answer 1

Answer:

Consignment account

Goods sent on

consignment