Question

Mehta of Mumbai consigns 1,000 cases of goods costing 1,000 each to Shri Sundaram of Chennai. Shri
500
esta pays the following expenses in connection with consignment:
50
55
₹
5
10,000
30,000
10,000
Corriage
Freight
Loading charges
Shri Sundaram sells 700 cases at 1,400 per case and incurs the following expenses:
Cearing charges
8,500
Warehousing and storage
17,000
Packing and selling expenses
tis found that 50 cases have been lost in transit and 100 cases are still in transit.
6,000
Shri Sundaram is entitled to a commission of 10% on gross sales. Draw up the Consignment Account and
Sundaram's Account in the books of Shri Mehta.

​

Answer 1

Answer:

Mehta of Mumbai consigns 1,000 cases of goods costing 1,000 each to Shri Sundaram of Chennai. Shri

500

esta pays the following expenses in connection with consignment:

50

55

₹

5

10,000

30,000

10,000

Corriage

Freight

Loading charges

Shri Sundaram sells 700 cases at 1,400 per case and incurs the following expenses:

Cearing charges

8,500

Warehousing and storage

17,000

Packing and selling expenses

tis found that 50 cases have been lost in transit and 100 cases are still in transit.

6,000

Shri Sundaram is entitled to a commission of 10% on gross sales. Draw up the Consignment Account and

Sundaram's Account in the books of Shri Mehta.

Explanation: