Question

Tilak of tatanagar consigned good costing 200000 to his agent pulak of patna the invoice was made proforma so as to show a profit of 25%on cost tilak paid freight and insurance 4000 pulak sold part of the consignment for 176000 at a uniform price of 10%over invoice price and spent 6000 as warehousing charges and 2000 as selling expense pulak intitled to a commssion of 5%on sale and 20%of the net profit after charging on commission on sale draw up consignmentaccont in the book of tilak

Answer 1

Answer:

Tilak of tatanagar consigned good costing 200000 to his agent pulak of patna the invoice was made proforma so as to show a profit of 25%on cost tilak paid freight and insurance 4000 pulak sold part of the consignment for 176000 at a uniform price of 10%over invoice price and spent 6000 as warehousing charges and 2000 as selling expense pulak intitled to a commssion of 5%on sale and 20%of the net profit after charging on commission on sale draw up consignmentaccont in the book of tilak