Ramesh Oil Mills, Bombay, consigned 40,000 kg of castor oil in 10 kg tins to B N

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Ramesh Oil Mills, Bombay, consigned 40,000 kg of castor oil in 10 kg tins to B N Chatterjee, Calcutta, on 1st April, 2017. The cost of oil was Rs. 2 per kg. The consignors paid ~ 10,000 as freight and insurance. During transit 50 tins were totally destroyed for which the insurance company paid directly to the consignor, Rs. 900 in full settlement of

the claim. B N Chatterjee took delivery of the consignment on 10th April, and accepted a bill drawn on him by the Ramesh Oil Mills for Rs.20,000 for three months. On June 30, 2017 B N Chatterjee reported that 35,000 kg were sold @ Rs. 3 per kg. The expenses were as follows: Godown rent Rs. 400; advertisement Rs. 2,000; and salaries of salesmen Rs. 4,000. B N Chatterjee charged a commission of 3% plus 3% del credere commission. He sold Rs. 19,000 worth of oil, the remaining stock, to X & Co who were declared bankrupt after two months and only 50 paise per rupee were realized from them. Show accounts in the books of both the parties assuming that the consignee paid the amount due by bank draft.