Question

Alpesh of Ahmedabad consigned "10" Laptops to Gaurang of Gandhinagar al an
invoice price of 50.000 each, on 1-4-2010. The invoice price is fixed after adding
25. on cost price

Alpesh paid 6.000 for carriage, 75,000 for freight and 75.000 for insurance
while sending the goods
Alpesh drew on Gaurang a four months' bill of 2.50,000 which. Gaurang
sccepted and retumed immediately. Alpesh discounted it by 12% per annum after two
months
Gaurang, is enntled to get 5% Commission on total sales and 2 Del-Credere
Commission on credit sales
Dunng the transit 02 Laptops were heavily damaged and the Insurance
Company admitted the claim of 72,500.
On 31-3-2011. Gaurang sent on Account Sale and a bank draft for the payment
due from him. He reported in the Account Sales that
He paid 5.700 for Octroi, 6,300 for insurance and 4,000 for advertisement
He sold 05 Laptops at 54,000 each for cash.
He sold 02 Laptops at 60,000 each to Shailesh on credit
- Shailesh was declared insolvent and only 80% amount was recovered from him.
From the above particulars, prepare Consignment Account and Gaurang's
Account in the books of Alpesh.​

Answer 1

Jdjdjdjfjfnfnfndjdidnfxidbdvjsbddjdbdbdd