Accountancy, asked by abinayathangavel03, 2 months ago

T. Nu sent a bank draft to Roy & Co. for Rs 50,000 as
advance payment and later sent an account sales
showing that 800 toys had been sold at Rs 220
each. Expenses incurred by T. Nu on godown rent
and advertisement, etc., amounted to Rs 2,000 T. Nu
was entitled to commission of 5 per cent. One of the
credit customers could not pay for 5 toys. Prepare the
Consignment Account, T. Nu's account and Profit and
Loss Account in the books of Roy & Co., assuming
that nothing has been recovered from the insurers
due to a defect in the policy. T. Nu settled his account
immediately​

Answers

Answered by mewz
0

Answer:

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