Question

Mr. Devender of Dehradun sent on 16th February, 2020 a consignment of 500 Pen drives to Mr. Satender of Bengal costing Rs. 100 each. Expenses of Rs. 750 were met by the consignor. Satender spent Rs. 1,500 for clearance and selling expenses were Rs. 20 per Pen Drive. Satender sold on 15th March, 2020, 300 Pen drives @ Rs. 160 per Pen drive and again on 20th May, 2020, 150 Pen drives @ Rs. 170 each. Satender is entitled to a commission of Rs. 25 per Pen drive sold plus ¼ of the amount by which the gross sale proceeds less total commission thereon exceeded a sum calculated @ Rs. 125 per Pen drive sold. Satender sent the amount due to Devender on 30th September, 2020. You are required to prepare the consignment account and Satender’s account in the books of Devender

Answer 1

Answer:

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Explanation:

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Answer 2

Given: Transactions of a consignment of Pen drives between Mr. Devender and Mr. Satender are given.

To prepare the consignment account and Satender’s account in the books of Devender.

Explanation: