Question

6. Niranjan Traders consigned 1,000 kg. ghee valued at Rs. 25,000 to
preyas Corporation of Bhavnagar to be sold on consignment basis, for which
they incurred expenses of Rs. 2,000. There was a loss of 100 kg. before the
goods reached the consignees, which may be treated as normal due to natural
causes. Preyas Corporation sold 700 kg. for Rs. 40,000 and paid Rs. 1,500 in
that connection. He is to be paid a commission at 6%.
Prepare necessary accounts in the books of both.
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Answer 1

Answer:

Accounting or Accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. (✿(✿(✿(✿(✿(✿

Organizations in this sector: Institute of Chartered Accountants in England and Wales