Question

6. Atul Khilauna Bhandar sent 1,000 toys to M/s Bahorilal Basantlal of Delhi. The cost price of each toy was 35 but the invoice price was * 40. The consignor paid 7 1,500 on consignment expenses out of which 300 were for Insurance. In the transit 100 toys were destroyed and Bahorilal Basantlal received 90% of the cost price against damage from Insurance Company. The agent sold rest of the toys on invoice price. Sales expenses were * 60. The agent sent the balance amount after deducting expenses and 2% commission. Open necessary accounts in the books of Consignor. ​

Answer 1

Answer:

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Explanation:

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