Question

varad of delhi consigned goods to aashish of mumbai (10000 units costing rs.40 oer unit at a margin of 20% an invoice price ) .The consignee is required to pay rs.25000 as advance ,which aashish paid by cheque. varad paid rs.35000 as forwarding expenes. 1000 units were destroyed in transit and insurance company accepted a claim of rs.29700 aashish took delivery of the remaining goofd and paid rs14000(direct) and rs16000(indirect) expenes. He sold 90 %of goods received by him at 210% of their invoice price. The credit sales is 25% of cash sales.Cash collection from consignment debtors , 70% in full settlement collected by Aashish in respect of rs.70000 sales,varad collected 10% from a credit customer of rs.20100, rs.78000 was collected by cheque from remaining debtors by aashish ( balance treated as bad debts) . commission to aashish :- 10% on sales at invoice price and 4% of excess realised above invoice price, 3% Del credal commission is also allowed on total sales to bear risk of bad sales..You are required to prepare :- (consignment account, abnormal loss, aashish account ) in books of Varad. and( varad account, consignment debtors account and commission account ) in books of aashish.​

Answer 1

Answer:

1000" (and any subsequent words) was ignored because we limit queries to 32 words.

Explanation:

mark as brilliant please