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(Ans: (i) Value of stock: 4,180; (it) 15. On 1st April 2017, Mannadiar of Krishnagiri consigned to Daily Life Supermarket, Selam 500 chests of tea
(Ans: (i) Value of stock: 4,180; (it) 15. On 1st April 2017, Mannadiar of Krishnagiri consigned to Daily Life Supermarket, Selam 500 chests of tea invoiced at 100 each, which was 25% above its cost price. Mannadiar paid 450 for packing, 150 for insurance and * 200 for carriage. On 1st July 2017, Daily Life Supermarket sent on account sale showing that 450 chests of tea were sold at 120 per chest; the expenses thereon being *800. Their commission was 10% on sales including a Del-credere commission of 2%. They remitted 25,000 on account. Prepare Consignment Account and Consignee's Account in the book of Mannadiar of Krishnagiri. (MGU- 2021 February) 5.080: Gill Profit on onsign MAmarfil Fot C
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