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4. On January 1, 2018 the Consignment to Ceylon A/c in the books of UniqueClock Makers showed a debit balance of Rs. 3,750. This is representedby the invoice value of 50 clocks which is 25% above cost.On January 7, they sent another consignment of 2,500 clocks at the invoiceprice of Rs. 75 each which was 25% above cost. They paid Rs. 1,000for packing, Rs. 500 for insurance and Rs. 3,000 for carriage and freight.Rama watch Co. the Consignee, received the clocks on January 21 andpaid Rs. 3,000 for custom duty, clearing, etc. They also sent a bank draftfor 50% of the invoice price of the goods received. On June 15, theyreturned 50 clocks which were found defective.By December 31, 2018 they sold the opening stock of 50 clocks at Rs.85 each on credit and 2,400 clocks of the new Consignment at Rs. 90each. Their expenses were: advertising Rs. 2,000, salaries Rs. 2,000, andservice charges Rs. 250.The Consignee is entitled to a commission of 8% on sales. The Consigneecould not recover Rs. 250 on account of credit sales. Show the necessaryledger accounts in the books of both the parties.(Answer: Profit Rs. 43,780; Value of closing stock Rs. 3,900; Amountdue from Consignees Rs. 1,01,630)? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about 4. On January 1, 2018 the Consignment to Ceylon A/c in the books of UniqueClock Makers showed a debit balance of Rs. 3,750. This is representedby the invoice value of 50 clocks which is 25% above cost.On January 7, they sent another consignment of 2,500 clocks at the invoiceprice of Rs. 75 each which was 25% above cost. They paid Rs. 1,000for packing, Rs. 500 for insurance and Rs. 3,000 for carriage and freight.Rama watch Co. the Consignee, received the clocks on January 21 andpaid Rs. 3,000 for custom duty, clearing, etc. They also sent a bank draftfor 50% of the invoice price of the goods received. On June 15, theyreturned 50 clocks which were found defective.By December 31, 2018 they sold the opening stock of 50 clocks at Rs.85 each on credit and 2,400 clocks of the new Consignment at Rs. 90each. Their expenses were: advertising Rs. 2,000, salaries Rs. 2,000, andservice charges Rs. 250.The Consignee is entitled to a commission of 8% on sales. The Consigneecould not recover Rs. 250 on account of credit sales. Show the necessaryledger accounts in the books of both the parties.(Answer: Profit Rs. 43,780; Value of closing stock Rs. 3,900; Amountdue from Consignees Rs. 1,01,630)? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 4. On January 1, 2018 the Consignment to Ceylon A/c in the books of UniqueClock Makers showed a debit balance of Rs. 3,750. This is representedby the invoice value of 50 clocks which is 25% above cost.On January 7, they sent another consignment of 2,500 clocks at the invoiceprice of Rs. 75 each which was 25% above cost. They paid Rs. 1,000for packing, Rs. 500 for insurance and Rs. 3,000 for carriage and freight.Rama watch Co. the Consignee, received the clocks on January 21 andpaid Rs. 3,000 for custom duty, clearing, etc. They also sent a bank draftfor 50% of the invoice price of the goods received. On June 15, theyreturned 50 clocks which were found defective.By December 31, 2018 they sold the opening stock of 50 clocks at Rs.85 each on credit and 2,400 clocks of the new Consignment at Rs. 90each. Their expenses were: advertising Rs. 2,000, salaries Rs. 2,000, andservice charges Rs. 250.The Consignee is entitled to a commission of 8% on sales. The Consigneecould not recover Rs. 250 on account of credit sales. Show the necessaryledger accounts in the books of both the parties.(Answer: Profit Rs. 43,780; Value of closing stock Rs. 3,900; Amountdue from Consignees Rs. 1,01,630)?.

Solutions for 4. On January 1, 2018 the Consignment to Ceylon A/c in the books of UniqueClock Makers showed a debit balance of Rs. 3,750. This is representedby the invoice value of 50 clocks which is 25% above cost.On January 7, they sent another consignment of 2,500 clocks at the invoiceprice of Rs. 75 each which was 25% above cost. They paid Rs. 1,000for packing, Rs. 500 for insurance and Rs. 3,000 for carriage and freight.Rama watch Co. the Consignee, received the clocks on January 21 andpaid Rs. 3,000 for custom duty, clearing, etc. They also sent a bank draftfor 50% of the invoice price of the goods received. On June 15, theyreturned 50 clocks which were found defective.By December 31, 2018 they sold the opening stock of 50 clocks at Rs.85 each on credit and 2,400 clocks of the new Consignment at Rs. 90each. Their expenses were: advertising Rs. 2,000, salaries Rs. 2,000, andservice charges Rs. 250.The Consignee is entitled to a commission of 8% on sales. The Consigneecould not recover Rs. 250 on account of credit sales. Show the necessaryledger accounts in the books of both the parties.(Answer: Profit Rs. 43,780; Value of closing stock Rs. 3,900; Amountdue from Consignees Rs. 1,01,630)? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

Here you can find the meaning of 4. On January 1, 2018 the Consignment to Ceylon A/c in the books of UniqueClock Makers showed a debit balance of Rs. 3,750. This is representedby the invoice value of 50 clocks which is 25% above cost.On January 7, they sent another consignment of 2,500 clocks at the invoiceprice of Rs. 75 each which was 25% above cost. They paid Rs. 1,000for packing, Rs. 500 for insurance and Rs. 3,000 for carriage and freight.Rama watch Co. the Consignee, received the clocks on January 21 andpaid Rs. 3,000 for custom duty, clearing, etc. They also sent a bank draftfor 50% of the invoice price of the goods received. On June 15, theyreturned 50 clocks which were found defective.By December 31, 2018 they sold the opening stock of 50 clocks at Rs.85 each on credit and 2,400 clocks of the new Consignment at Rs. 90each. Their expenses were: advertising Rs. 2,000, salaries Rs. 2,000, andservice charges Rs. 250.The Consignee is entitled to a commission of 8% on sales. The Consigneecould not recover Rs. 250 on account of credit sales. Show the necessaryledger accounts in the books of both the parties.(Answer: Profit Rs. 43,780; Value of closing stock Rs. 3,900; Amountdue from Consignees Rs. 1,01,630)? defined & explained in the simplest way possible. Besides giving the explanation of 4. On January 1, 2018 the Consignment to Ceylon A/c in the books of UniqueClock Makers showed a debit balance of Rs. 3,750. This is representedby the invoice value of 50 clocks which is 25% above cost.On January 7, they sent another consignment of 2,500 clocks at the invoiceprice of Rs. 75 each which was 25% above cost. They paid Rs. 1,000for packing, Rs. 500 for insurance and Rs. 3,000 for carriage and freight.Rama watch Co. the Consignee, received the clocks on January 21 andpaid Rs. 3,000 for custom duty, clearing, etc. They also sent a bank draftfor 50% of the invoice price of the goods received. On June 15, theyreturned 50 clocks which were found defective.By December 31, 2018 they sold the opening stock of 50 clocks at Rs.85 each on credit and 2,400 clocks of the new Consignment at Rs. 90each. Their expenses were: advertising Rs. 2,000, salaries Rs. 2,000, andservice charges Rs. 250.The Consignee is entitled to a commission of 8% on sales. The Consigneecould not recover Rs. 250 on account of credit sales. Show the necessaryledger accounts in the books of both the parties.(Answer: Profit Rs. 43,780; Value of closing stock Rs. 3,900; Amountdue from Consignees Rs. 1,01,630)?, a detailed solution for 4. On January 1, 2018 the Consignment to Ceylon A/c in the books of UniqueClock Makers showed a debit balance of Rs. 3,750. This is representedby the invoice value of 50 clocks which is 25% above cost.On January 7, they sent another consignment of 2,500 clocks at the invoiceprice of Rs. 75 each which was 25% above cost. They paid Rs. 1,000for packing, Rs. 500 for insurance and Rs. 3,000 for carriage and freight.Rama watch Co. the Consignee, received the clocks on January 21 andpaid Rs. 3,000 for custom duty, clearing, etc. They also sent a bank draftfor 50% of the invoice price of the goods received. On June 15, theyreturned 50 clocks which were found defective.By December 31, 2018 they sold the opening stock of 50 clocks at Rs.85 each on credit and 2,400 clocks of the new Consignment at Rs. 90each. Their expenses were: advertising Rs. 2,000, salaries Rs. 2,000, andservice charges Rs. 250.The Consignee is entitled to a commission of 8% on sales. The Consigneecould not recover Rs. 250 on account of credit sales. Show the necessaryledger accounts in the books of both the parties.(Answer: Profit Rs. 43,780; Value of closing stock Rs. 3,900; Amountdue from Consignees Rs. 1,01,630)? has been provided alongside types of 4. On January 1, 2018 the Consignment to Ceylon A/c in the books of UniqueClock Makers showed a debit balance of Rs. 3,750. This is representedby the invoice value of 50 clocks which is 25% above cost.On January 7, they sent another consignment of 2,500 clocks at the invoiceprice of Rs. 75 each which was 25% above cost. They paid Rs. 1,000for packing, Rs. 500 for insurance and Rs. 3,000 for carriage and freight.Rama watch Co. the Consignee, received the clocks on January 21 andpaid Rs. 3,000 for custom duty, clearing, etc. They also sent a bank draftfor 50% of the invoice price of the goods received. On June 15, theyreturned 50 clocks which were found defective.By December 31, 2018 they sold the opening stock of 50 clocks at Rs.85 each on credit and 2,400 clocks of the new Consignment at Rs. 90each. Their expenses were: advertising Rs. 2,000, salaries Rs. 2,000, andservice charges Rs. 250.The Consignee is entitled to a commission of 8% on sales. The Consigneecould not recover Rs. 250 on account of credit sales. Show the necessaryledger accounts in the books of both the parties.(Answer: Profit Rs. 43,780; Value of closing stock Rs. 3,900; Amountdue from Consignees Rs. 1,01,630)? theory, EduRev gives you an ample number of questions to practice 4. On January 1, 2018 the Consignment to Ceylon A/c in the books of UniqueClock Makers showed a debit balance of Rs. 3,750. This is representedby the invoice value of 50 clocks which is 25% above cost.On January 7, they sent another consignment of 2,500 clocks at the invoiceprice of Rs. 75 each which was 25% above cost. They paid Rs. 1,000for packing, Rs. 500 for insurance and Rs. 3,000 for carriage and freight.Rama watch Co. the Consignee, received the clocks on January 21 andpaid Rs. 3,000 for custom duty, clearing, etc. They also sent a bank draftfor 50% of the invoice price of the goods received. On June 15, theyreturned 50 clocks which were found defective.By December 31, 2018 they sold the opening stock of 50 clocks at Rs.85 each on credit and 2,400 clocks of the new Consignment at Rs. 90each. Their expenses were: advertising Rs. 2,000, salaries Rs. 2,000, andservice charges Rs. 250.The Consignee is entitled to a commission of 8% on sales. The Consigneecould not recover Rs. 250 on account of credit sales. Show the necessaryledger accounts in the books of both the parties.(Answer: Profit Rs. 43,780; Value of closing stock Rs. 3,900; Amountdue from Consignees Rs. 1,01,630)? tests, examples and also practice B Com tests.