Question

Abha Stores, Indore consigned goods on proforma invoice at ₹20,000 (cost price being ₹15,000) to Jaya Stores, Pune. The consignor paid ₹1,100 for freight etc. The consignee paid cartages and coolie ₹150, godown rent ₹200 and fire insurance ₹550. A part of consignment was sold to Jyoti Stores for ₹10,000 and part for cash ₹6,000, Jyoti Stores became insolvent and paid 40% amount in full settlement. The stock in hand at the invoice price is estimated ₹4,000. Jaya Stores is entitled to a commission of 5% in gross sale.The consignee sent an Account Sale together with a sight draft for the balance after charging commission and expenses. Prepare consignment Accounts in the books of consignor.

Answer 1

Answer:

8gv8v77c7fyc6x5s5s6s6d