Sunil kumar of indore sent goods of costing of Rs. 2,50,000 to manisha traders jabalpur on consignment basis which was 25% more than its cost. He spent Rs.2,500 on carriage and Rs.2,400 on insurance and received a bill of Rs. 80,000 which he discounted from bank for Rs.77,500 . Manisha traders sold 4/5 of the consigned goods for Rs.2,40,000 and spend Rs. 6,000 at selling expenses. He remitted the balancing amount to sunil kumar after deducting his commission @ 6.25% by a draft . Open neccessary accounts in the books of SUNIL KUMAR.
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