Question

Mr. Achut of Bombay consigned 100 units of a commodity to Mr. Rao of Delhi. The goods were invoiced at T150 so as to yield a profit of 50% on cost. Mr. Achut incurred 1,000 on freight and insurance. Mr. Rao incurred 2500 on freight and 7800 on rent. Before 31" Dec. 2006 he sold 50 units for cash at RI60 per unit, 20 units for 175 on credit. He retained his commission and 1% of the Delcredere arrangement and remitted the balance on 31" December 2006. Mr. Rao noticed that 10 units were damaged on account of bad packing and he expected to sell it only for 80 per unit. A debtor for 1,000 to whom the goods were sold by Mr. Rao became insolvent and only 50 paise in a rupee was recovered. Mr. Rao sent an account sale on 31 March 2007

detailing the transactions for the quarter ended on that date and he remitted the balance due. Make necessary ledger entries in the books of Mr. Achut and Mr. Rao assuming that Mr. Achut closes his

books every 31" March.​

Answer 1

Answer:

straight line changes uniformly (at a constant rate of change) from 2 m/s to 5 m/s over ...