Question

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A/C.s ut.3 eg1 pg6.48

Read the following Q. carefully and explain "only" the elements marked in pic. (Click the attachment to view):-

[best ans. will be MARKED AS BRAINIEST]

Exe sent on 1st July, 2016 to Wye goods costing Rs.50,000 and spent Rs.1,000 on packing etc. On 3rd July 2016, Wye
received the goods and sent his acceptance to Exe for Rs.30,000 payable at 3 months. Wye spent 2,000 on freight
cartage, Rs.500 on godown rent and Rs.300 on insurance. On 31st December, 2016 he sent his Account Sales (along with the amount due to Exe) showing that 4/5 of the goods had been sold for Rs.55,000. Wye is entitled to a comission of 10%. One of the customers turned insolvent and could not pay Rs.600 due from him. Show the journal entries in the books of consignor. Also prepare ledger accounts.
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Answer 1

Answer:

A record account contains a record of business exchanges. It is a different record inside the general record that is doled out to a particular resource, risk, value thing, income type, or cost type.

A general record account is a record or record used to sort, store and outline an organization's exchanges. These records are organized in the general record with the asset report accounts seeming first pursued by the salary explanation accounts.

Answer 2

Answer:

i hope it will help u..........