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Q.No.5. (Marks 4) A of Lahore consigned ( 4161) radio sets costing Rs. 1,00 each to B of Sialkot on 1'March 2001. The expenses on

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Q.No.5. (Marks 4) A of Lahore consigned ( 4161) radio sets costing Rs. 1,00 each to B of Sialkot on 1'March 2001. The expenses on consignment were freight Rs. 5,000, insurance Rs. 2,500, and carriage Rs. 500. B received the delivery of 95% radio sets. An account sale dated 30th June 2001 showed that 75% sets were sold for Rs. 750,000 and B incurred Its. 2,350 for carriage; Its. 6,000 for godown rent. B was entitled to a commission of 6% on sales. B incurred expenses amounting to Rs. 2,800 for repairing the damaged radio sets remaining in stock Mr. A lodged a claim with insurance company which was admitted at Its. 22,500. Pass journal entries in both books and also make necessary accounts in both books.C1.h|o.5. [Marks 4] A of Lahore consigned { 416]) radio sets costing Rs. 1,00 each to B of Sialkot on l'March 2001. The expenses on consignment were freight Rs. 5,000, insurance Rs. 2,500, and carriage Rs. 500. B received the deliver}r of 95% radio sets. An account sale dated 30th June 2001 showed that 75% sets were sold for Rs. 250,000 and B incurred Its. 2,350 for carriage; Its. 6,000 for godown rent. B was entitled to a commission of 6% on sales. B incurred expenses amounting to Rs. 2,300 for repairing the damaged radio sets remaining in stock Mr. A lodged a claim with insurance company which was admitted at Its. 22,500. Pass journal entries of both and also make necessarj.F accounts of both

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