Question

Atul khilauna bhandar sent 1000 toys to M/s Bahorilal Basantlal of Delhi. The cost price of each toy was 35 rupee but the invoice price was 40 rupee. The consignor paid 1500 on consignment expenses out of which 300 were for insurance. In the transit 100 toys were destroyed and bahorilal basantlal received 90% of the cost price against damage from insurance company. The agent sold rest of the toys on invoice price. Sales expenses were 60 rupees. The agent sent the balance amount after deducting expenses and 2% commission. Open necessary accounts in the books of consignor.

Answer 1

Answer:

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