Commission purchase-entry

Assume you received the product from Ram & You sold the item to Dinesh the cost of each item was 20000rs the entries you will pass in tally will be like this

1. Dinesh DR .....100000

.    To Ram                       100000

( Being sale of items on consignment received from Ram)

2. Ram  DR        7650+1200

         To Commision A/c               7650

         To Freight & Labor a/c        1200

3. Ram  a/c              91150

         To Bank  a/c                     91150

   ( Towards settlement of consignment number xxx of 5 items sold)

4  Bank A/c                   100000

        To Dinesh A/c                      100000

  ( Towards amount realized from dinesh on consignement of 5 items)