Question: 8. David sent goods costing ,5,50,000 on consignment basis to Devi on 1-1-2020 @ 7% commission. ,75,000 was spent on transportation by David. Devi spent

8. David sent goods costing ,5,50,000 on consignment basis to Devi on 1-1-2020 @ 7% commission. ,75,000 was spent on transportation by David. Devi spent ,45,000 on unloading. Devi sold 85% of the goods received for ,76,25,000, 10% of the goods for ,7,85,000, and she took over the balance @5% below the cost price and sent a DD for the amount due from her to David. Show Consignment A/c and Devi's A/c in the books of David. Profit on Consignment ,14,596.95; Amount received from Devi ,39,598.95.

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