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: Shri Mehta of Bombay consigns 1,000 cases of goods costing Rs.100 each to Shri Sundaram of Madras.
Shri Mehta pays the following expenses in connection with consignment:
Shri Sundaram sells 700 cases at Rs.140 per case and incurs the following expenses:
Warehousing and storage
Packing and selling expenses
It is found that 50 cases have been lost in transit and cases are still in transit.
Shri Sundaram is entitled to a commission of 10% on gross sales. Draw up the Consignment Account and Sundaram’s Account in the books of Shri Mehta.