Question
On 1st July 2016, Benjie consigned 500 crates of Guinness costing GH810,000 each to Becca at a pro-forma invoice price of 33&1/3% (Thirty Three and
On 1st July 2016, Benjie consigned 500 crates of Guinness costing GH810,000 each to Becca at a pro-forma invoice price of 33&1/3% (Thirty Three and a third percent) on sales. On the same date, Benjie paid GH6,000,000 in respect of carriage and insurance. On the 8th of July, Becca took delivery and paid expenses of GH1,000,000. On the 31st August, 400 crates of the consignment had been sold. Becca is entitled to a commission on sales at 5% and this was fully charged up. Required: Show the necessary accounts in the books of Benjie the consignor, assuming that the books are balanced on 31st August, 2016
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