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On 1st September, 2010 Qasim of lahore sent 500 cases @ Rs. 150 each to Aziz of Karachi to be sold on his account and

On 1st September, 2010 Qasim of lahore sent 500 cases @ Rs.

150 each to Aziz of Karachi to be sold on his account and at

his risk for 7 1/2% commission and 2 % delcredere

commission and incurred Rs. 5500 expenses. Advances has

been received on 31st december 2010. Aziz sent an account

sales disclosing that 300 case have been sold for Rs. 230 each

and another 100 cases @ Rs 220 each. He has incurred

unloading expenses etc. Rs 750 and selling expenses Rs.

1,000. HE sends a bank draft for the net amount due.

Prepare ledger accounts

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