Question

Advantage of new education policy and disadvantage also​

Answer 1

Answer:

M/s. Sameer & Co. of Nagpur consigned 100 coolers costing Rs. 6,000 per

cooler to their agent, Chand & Co. Lakhani. The coolers were invoiced as

proforma Rs. 8,000 per cooler. The agent sold 40 coolers at Rs. 8,000 per

cooler for cash and 40 coolers at Rs. 8,200 per cooler on credit. M/s. Sameer

& Co. paid freight and carriage Rs. 5,000 and miscellaneous expenses Rs.

2,000.

They drew a bill