Modi textiles Delhi consigned to Vinod enterprise Calcutta 100 cotton bales. The invoice price of each bale was ₹1500 each which includes 20% profit on invoice price. The consignor paid ₹2500 for insurance and ₹4000 for carriage and freight. The consignee received cotton bales and sold 75 bales for cash and realised ₹ 112500 . He incurred ₹1800 on godown rent and was allowed 10% commission on sales. 5 cotton bales were spoiled in godown and they are to be valued at 50% depreciation. Show consignment account in the books of Modi textiles.
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