IH ? 928 Date Particulars . 2016 *Dey's Medical Alc Dr. 5,000 Mar. 1 To Cash Alc 5.000 (Being expenses incurred in respect of consignment) *Cash Alc Dr. 5,50,000 To Dey's Medical A/C 5,50,000 (Being goods sold for cash on behalf of Dey's Medical, Calcutta) ? Dey's Medical Alc Dr. 27,500 To Commission Received Alc 27,500 (Being commission on goods sold on behalf of the consignor) Dec 31 "Dey's Medical Alc Dr. 4,00,000 To Bank Alc 4,00,000 (Being remittance by cheque) Commission Received A/C Dr. 27,500 To Profit & Loss Alc 27,500 (Being commission received, transferred to profit & Loss Alc) *These entries should be recorded in the Cash Book. Ledger Dr. Dey's Medical Account Cr. Date Particulars Date Particulars 2016 2016 Mar. 1 To Cash Alc 5,000 ? By Cash Alc 5,50.000 Dec 31 To Commission Received Alc 27,500 To Bank Alc 4,00,000 To Balance ald 1,17,500 5,50,000 5,50.000 Commission Received Account Cr. Date Particulars Date Particulars 2016 2016 Dec. 31 To Profit & Loss Alc 27,500 Dec. 31 By Dey's Medical Alc 27,500 Illustration 5 Auto Agencies have sold the following goods on behalf of different parties for which they have incurred some expenses and are entitled to commission and reimbursement of expenses. Parties Stock in hand Goods received Goods sold Expenses Remittances Commission Life Light () 8,000 20,000 24,000 600 20,000 10% Silac (3) 12,000 30,000 26,000 400 22,000 6% Akriti (3) 12,000 36,000 44,000 800 40,000 5% Prepare the Consignors' Accounts in the books of Auto Agencies. Dr