Question

unting for Consignment
4.49
consignia
Nihon Nirman, Kolkota consigned 200 bags of white cement of the cost of 400 each to their
agent Arunachalam and Sons, Chalai at cost plus 25%. The expenses at Kolkota were freight
8,000 and insurance 2,000.
Arunachalam and Sons sold 130 bags at 580 each and 30 bags at 600 each. Their expenses
were loading unloading and carriage 3 1,000 godown rent 600 and salesman salary * 400.
They are to get a commission of 6% which includes delcredere commission of 2%.
It is reported that one customer who bought 2 bags @ 600 each failed to pay any amount due
to his insolvency. The consignee remitted amount due by a bank draft.
Give Accounts in this books of Nilon Nirman and journal entries in the books of Arunachalam
and Sons.
Ans:
Profit 13,996; Stock 22,200.
Menon sends goods on consignment to Patel. As per agreement Patel will receive 10% commission​

Answer 1

Answer:

kya hai ye bai ye bol yar hmmm