Question

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2. If Tony and Jony are the consignors and consignee respectively,
prepare
the important accounts in the books of Tony and Jony of 31-12-2010 from the
following information :
On 1-10-2015, Tony consigned 100 Transistor Radios, each of Rs. 150 to
Jony. While consigning, Tony incurred expenses Rs. 1,000. Tony drew on Jony
a four months' bill for Rs. 10,000 which was duly accepted by Jony. Jony
incurred selling expenses Rs. 400. Upto 31-12-2015, Jony sold 90 radios at
Rs. 200 each. Jony is to be paid 5% commission on sales and additional
commission Rs. 1,200 p.a. The accounting years of Tony and Jony end on 31st
December each year.​

Answer 1

Answer:

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