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Muscat Traders Sent 500 water heaters to .15 Nizwa Traders on consignment. The consignee is entitled to receive 10% commission plus expenses. The cost
Muscat Traders Sent 500 water heaters to .15 Nizwa Traders on consignment. The consignee is entitled to receive 10% commission plus expenses. The cost of the water heater is RO.15.000 per piece. Muscat Traders spent RO. 1250 for transportation of the goods. Nizwa spent RO. 400 for advertising and RO. 300 for selling expenses. Nizwa Traders sold all the water heaters at the rate of RO 23.000 per piece. Consequently the stores sent an account sales enclosed with a payment receipt for the balance amount. Pass journal entries and prepare .Consignment account 1-4 LO) ( ) 14 )
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