Question

there will not be any entry for bad debts
illustration 15.
on 1.7.2012. Mantu of Chennal consigned goods of the value of 50,000 to Pandey of Patna.
This was made by adding 25% on eest. Mantu paid ? 2.500 for height and 1.500 for insurance
During transit to th of the goods was totally destroyed by fire and a sum of * 2.400 was realised hom the
insurance company. On arrival of the goods. Pandey paid ? 1800 as carriage to godown. During
the year ended 30 June 2013. Pandey paid * 3.600 for godown rent and 1900 for selling expenses
both of the remaining goods was again destroyed by fire in godown and nothing was recorded from
the insurance company. On 1.6.2013, Pandey sold halt (g) the original goods tor ? 30,000 and charged
a commission of 5% on sales as on 30.6.2013. Pandey sent a bank draft to Mantu for the amount to kar due from
him.
You are required to prepare the following ledger accounts in the books of Mantu of Chennai for the vear ended
30.6.2013
(a) Consignment to Patna Account:
(b) Goods Destroyed by Fire Account and
(c) Personal Account of Pandey,
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA​

Answer 1

Answer:

I think it's option b....