Question

for commission payable to consignee
Consignment Account
To Consignee's Personal Account
Austrate the scheme of entries on the basis of the following information
on 1st July 2016 to Wye goods costing * 50,000 and spent 1.000 on packing etc. On nd July 2016, Wy
ed the goods and sent his acceptance to Exe for 30,000 payable at 3 months Wye spent 12.000 on freight
ng with the amount due to Exe) showing that 45 of the goods had been sold for 55.000, Wye is entitled to
mary journal entries in the books of consignor. Also prepare ledger accounts
LUSTRATION 1
cortage, 500 on godown rent and ? 300 on insurance. On 31 December 2016 he sent his Account Sales
mmission of 10%. One of the customers turned insolvent and could not pay too due from him. Show the
SOLUTION​

Answer 1

Answer:

solution is journal entries at 5000 pay