Question

On July 1, 2015 M/s Jalan & Co. of Kolkata consigned 50 boxes
consignment was 3,750 but invoiced at 5,000. On this date the consignor paid 3 300 for freight and insurance.
On October 15, 2016 the consignee paid 500 for import duty and 100 for dock dues and sent a bank draft of
*2,000 as advance. On 1 November, 2015 they sold 40 boxes at 5,260. They received 5% commission on sale.
Open Consignment A/c, Consignee's Alc, Goods sent on Consignment Alc, Consignment Stock A/c and Consign-
ment Stock Suspense A/c in the books of Jalan & Co.
Ans. Profit on consignment 1,277; Stock on consignment 1,180, Payment due * 2,397.
of Mumbai sent on consignment 400 radio sets to Matacharan of Tundla.​

Answer 1

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Explanation:

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Answer 2

Explanation:

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