Question

UNSOLD STOCK AT THE CLOSING DATE WITH THE CONSIGNEE
6. Mr X of Patna sent on 1.1.06. 100 fans costing Rs. 1,000 each to Mr Y of Kolkata on
consignment basis. Mr X paid Rs. 1,000 as freght and Rs. 500 as insurance charges. Mr
Y received the consignments on 15.2.06.
On 31.12.06, Mr Y sent an Account sales to Mr X stating that Mr Y was able to sell
only 80 Fans @ Rs. 1,800 each. Mr. Y enclosed the Bank draft with the Account Sales
for the amount due to Mr X after deducting the following charges.
Godown rent
Rs. 2,000
- Fire insurance premium
Rs. 500
Salesman's salary - Rs. 1,000 and commission @ 10%
Show Consigment Account in the books of Mr X.
[2006(New)]
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Answer 1

Answer:

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