Question

Classify value proposed

by NCERT.​

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 on Chand & Co. at 3 months for Rs. 4,50,000 which was

duly accepted by the latter. The expenses incurred by the Chand & Co. were :

Carriage

Rs. 2,500

Octroi

Rs. 500

Storage

Rs. 1,090

Miscellaneous

Rs. 2,000

They were entitled to 5% commission and 2% credere commission on gross

sale proceeds. They sent their Account Sales to their principles showing as a

deduction from their commission and the various expenses incurred by them.

A month later Chand & Co. remitted the amount due on consignment.

Prepare :

(1) Consignment A/c and Chand & Co. A/c in the books of Sameer Co.

(2) M/s. Sameer A/c in the books of Chand Co

Answer 2

The National Council of Educational Research and Training (NCERT) is an independent association of the Government of India which was laid out in 1961 as an abstract, logical, and magnanimous Society under the Societies Registration Act.

• A research position where proficient researchers endeavor to work with the improvement of some sharedness of dreams in the social texture, with an emphasis on additionally including minimized dreams towards creating social change which is capable of expanding social (and natural) equity.
• Values like honesty, awareness of certain expectations, dependability, faithfulness, love, harmony, respect for others, and so forth are supported right all along, the endeavors will go quite far to empower understudies to keep the law and add to the bigger strength of society and nation at large.
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