Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shri Ganpath of Nagpur consigns 500 cases of goods costing 1,500 each to Rawat of Jaipur. Shri Ganpath pays the following expenses in connection

 

Shri Ganpath of Nagpur consigns 500 cases of goods costing 1,500 each to Rawat of Jaipur. Shri Ganpath pays the following expenses in connection with the consignment: Particulars Carriage Freight Loading Charges 15,000 45,000 15,000 Shri Rawat sells 350 cases at 2,100 per case and incurs the following expenses: Clearing charges Warehousing and Storage charges Packing and selling expenses 18,000 25,000 7,000 It is found that 50 cases were lost in transit and another 50 cases were in transit. Shri Rawat is entitled to a commission of 10% on gross sales. Draw up the Consignment Account and Rawat's Account in the books of Shri Ganpath.

Step by Step Solution

3.45 Rating (145 Votes )

There are 3 Steps involved in it

Step: 1

a In the books of Shri Ganpath Consignme... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Project Management

Authors: Timothy Kloppenborg

3rd edition

1285433351, 978-1285433356

More Books

Students also viewed these General Management questions

Question

What are some ways to build relationships with key stakeholders ?

Answered: 1 week ago