Sohan and Mohan supplies goods to the value of Rs. 50,000
and incurs expenses amounting to Rs 5,400. Mohan supplies
goods to the value of Rs. 14,000 and his expenses amount to
Rs. 800. Mohan sales goods on behalf of the joint venture and
realise Rs. 92,000. Mohan is entitled to a commission @ 5% on
sales. Mohan settles his account by bank draft.
Give journal entries and necessary accounts in the books of
Sohan.
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