Shri Ganpath of Nagpur consigns 500 cases of goods costing 1,500 each to Rawat of Jaipur....

 

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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. 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.

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a In the books of Shri Ganpath Consignme... View the full answer