A of agra sent on consignment goods valued ₹1,00,000 to B of mumbai on 1st march 2016. He incurred the expenditure of ₹12,000 on freight and insurance.A's accounting year closes on 31st december.B was entitled to a commission of 5% on gross sales plus a del-credere commission of 3%.B took delivery of the consignment by incurring expenses of ₹3000 for goods consigned.
On 31.12.2016 B informed on phone that he had sold all the goods for ₹1,50,000 by incurring selling expenses of ₹2000. He further informed that only ₹1,48,000 had been realized and rest was considered irrecoverable and would be sending the cheque in a day or so for the amounting due along with the account sale.
On 5.1.2017 A received the cheque for the amount due from B and incurred bank charges of ₹260 for collecting the cheque . The amount was credited by the bank on 9.1.2017.
Write up the consignment account finding out the profit/loss on the consignment B's account , Provision for expenses account and Bank account in the books of the consignor,recording the transactions upto the receipt and collection of the cheque.

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