Question

Or(अथवा)
9. A of Surat consigns goods to B of Jaipur to
be sold at or above invoice price. B is entitled
to get a commission of 8% on sales at Invoice
price plus 25% of any surplus price realised.
B accepted a bill of exchange drawn by A
amounting to 50% of the invoice price as
security,
In the year 2010 goods consigned by A were
invoiced at $2,50,000. These goods cost of A
* 2,00,000 (including freight). Sales made by
B during the year amount to 2.35,000. At
the end of the year stock of goods with "B"
60,000 at invoice value. At the end of the
year, A had received from B < 40,000 by bank
drafts, certain remittances being in transit on
31st March, 2011. Prepare necessary ledger
account in the books of 'A'. Also show how
the consignment stock will appears in the
Balance Sheet.
16
16) H-D/19/2010N101(U-30)
11
P.T.O.

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

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Explanation:

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