Question
Mr. Kareem of Dubai consigned to Mr. Abdalla of Abu Dhabi on 1 June, 2016, 200 sports cycle @ 1,500 per cycle at cost. Abdalla
Mr. Kareem of Dubai consigned to Mr. Abdalla of Abu Dhabi on 1 June, 2016, 200 sports cycle @
1,500 per cycle at cost. Abdalla accepted of * 1,00,000 B/R on 3rd June 2016. Kareem discounted it
from bank at " 90,000 and paid * 3,000 wages, 2,000 railway freight and 1,000 packing expenses.
Abdalla paid* 1,000 for unloading, * 500 tax and * 2,000 go down rent. Abdalla received 5% general
commission and 2% Delcredere commission. Abdalla sold 100 cycles for cash at 1800 per cycle and
50 cycles on credit @ 2000 per cycle. Abdalla sent account of sale and after deducting expenses
and commission on 30 June, 2016.
Prepare a Consignment Account (All the values are in AED).
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