Solution: Instant Downloadable
Note: You can download solution instantly after secured payment. We will activate download link manually if pay through PayTM or offline payment and it will take around one working hour.
Q: Miss Rakhi consigned 1,000 radio sets costing Rs.900 each to Miss Geeta, her agent on 1st July, 2011. Miss Rakhi incurred the following expenditure on sending the consignment.
Miss Geeta received the delivery of 950 radio sets. An account sale dated 30th November, 2011 showed that 750 sets were sold for Rs.9,00,000 and Miss Geeta incurred Rs.10,500 for carriage. Miss Geeta was entitled to commission 6% on the sales effected by her. She incurred expenses amounting to Rs.2,500 for repairing the damaged radio sets remaining in the inventories. Miss Rakhi lodged a claim with the insurance company which was admitted at Rs.35,000. Show the Consignment Account and Miss Geeta’s Account in the books of Miss Rakhi.