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6. On 1st January 2020 P& Co. sends 400 cases of medicines to Zeeshan on consignment basis. The cost of each case was Rs. Rs.
6. On 1st January 2020 P& Co. sends 400 cases of medicines to Zeeshan on consignment basis. The cost of each case was Rs. Rs. 1500. P&Co . incurred the following expenses on the consignment: Rs.2000 on railway freight and Rs. 1500 on insurance. Zeeshan sold 300 cases at Rs. 2500 per case. The expenses of Zeeshan amounted to Rs. 4200. He sent an account sale on 31st January 2020 which revealed that he charged 5% as ordinary commission and 10% as delcreder commission. He sent a bank draft for the amount due. Required: Prepare the Consignment Account and Consignee Account
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