Question
On 15 November 19X8, Hughes consigned 300 cases of wooden items to Galvez of Madrid. On 31 December 19X8, Galvez forwarded an account sales,
On 15 November 19X8, Hughes consigned 300 cases of wooden items to Galvez of Madrid. On 31 December 19X8, Galvez forwarded an account sales, with a draft for the balance, showing the following transactions: 1 250 cases sold at 20 each and 50 at 18 each. 2 Port and duty charges 720. 3 Storage and carriage charges 410. Commission on sales 5% +1% del credere. 4 Required: (a) Prepare the account sales, and (b) Show the consignment inward account in the books of Galvez. Ignore interest.
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Horngrens Financial And Managerial Accounting The Financial Chapters
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6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
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