Question

Problem-9: On 1.1.96 Amal of Calcutta sent goods costing *2,50,000 to Bimal of Mumbai on
consignment basis. Amal paid 12,000 on various accounts for consigning the goods. Bimal paid
1,200 as railway charges, coolie & cartage 500, carriage inward * 300 and 3 500 as godown
rent. During transit 1/10th of consignment was lost in accident and insurance claim equal to 80%
of original cost of goods lost was received. The consignee sent a sight draft for 50,000. 4/5th of
the goods consigned were sold at 580,000 on credit and none for cash. A customer who
purchased goods for 5,000 failed to pay and the debt proved bad. The consignee sent account
sales on 30.4.96 which showed that he charged 10% as ordinary commission and 2% del credere
commission. You are required to prepare necessary ledger accounts:
(a) In the books of Amal
(b) In the books of Bimal​

Answer 1

Explanation:

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