Harry of London consigned 1000 Boxes of Apple to William of Jersey at Rs 100 each . William sold 850 Boxes at Rs 110 each. Calculate amount of Sales?

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Harry of London consigned 1000 Boxes of Apple to William of Jersey at Rs 100 each . William sold 850 Boxes at Rs 110 each. Calculate amount of Sales?

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3. Modi Textiles, Delhi consigned to Vinod Enterprises, Calcutta 100 cotton bales. The invoice price of each bale was Rs. 1,500 which includes 20% profit on invoice price. The Consignor paid Rs. 2,500 for insurance and Rs. 4,000 for carriage and freight. The Consignee received cotton bales and sold 75 bales for cash and realised Rs. 1,12,500. He incurred Rs. 1,800 on godown rent and was allowed 10% conmission on sales. 5 cotton bales were spoiled in godôwn and they are to be valued at 50% depreciation. Show Consignment Account in the books of Modi Textiles. Note : These write Unive Hint: The damaged goods are also to be included in stock and they will be valued at 50% of the invoice price and the proportionate expenses. (Answers: Profit Rs. 1,412, Value of stock Rs. 35,212 (including Rs. 3,912 for damaged goods); Amount due from the Consignee Rs. 99,450)?

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4. On January 1, 2018 the Consignment to Ceylon A/c in the books of Unique Clock Makers showed a debit balance of Rs. 3,750. This is represented by the invoice value of 50 clocks which is 25% above cost. On January 7, they sent another consignment of 2,500 clocks at the invoice price of Rs. 75 each which was 25% above cost. They paid Rs. 1,000 for packing, Rs. 500 for insurance and Rs. 3,000 for carriage and freight. Rama watch Co. the Consignee, received the clocks on January 21 and paid Rs. 3,000 for custom duty, clearing, etc. They also sent a bank draft for 50% of the invoice price of the goods received. On June 15, they returned 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. 90 each. Their expenses were: advertising Rs. 2,000, salaries Rs. 2,000, and service charges Rs. 250. The Consignee is entitled to a commission of 8% on sales. The Consignee could not recover Rs. 250 on account of credit sales. Show the necessary ledger accounts in the books of both the parties. (Answer: Profit Rs. 43,780; Value of closing stock Rs. 3,900; Amount due from Consignees Rs. 1,01,630)?

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Shyam and Co Calcutta consigned 50 cases of goods at rs 200 each to Hari of Hyderabad. The consignor pays rs 200 for insurance and freight rs300 .Hari sent an account sales showing the gross proceeds at rs24000 the expenses paid by Hari were dockdues rs 20 carrying rs50 warehousing expenses rs 130 he spent the amount due to the cosignor after deducting 4%commission .give journal entries in the books of both the parties?

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X consigned 100 cycles costing Rs. 150 each to his agent Y. Expenses incurred in sending them were Rs. 1,000. On the way 5 cycles were damaged. Y took the delivery of rest and incurred direct expenses of Rs. 285 and indirect expenses of Rs. 150. You are required to calculate the abnormal loss and the value of closing stock at the end, if Y sells away 80 cycles?

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On1stSeptember2013 shri Gupta of delhi sent 500cases of goods@150 each to shri jha of Ranchi to be sold on his accessat his risk for7.5%commission,and 2.5% del-credere commission and incurred Rs.5500 as expenses Rs.20000 advance has been received on 31stDecember2013shri jha sent an account sales disclosing that 300cases have been sold for Rs.230 each on credit.He incurred Rs.1750as selling expenses. he sends a bank draft for the net amount due. Prepare consignment account and consignee account in the books of shri gupta.?

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Harry of London consigned 1000 Boxes of Apple to William of Jersey at Rs 100 each . William sold 850 Boxes at Rs 110 each. Calculate amount of Sales?

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Harry of London consigned 1000 Boxes of Apple to William of Jersey at Rs 100 each . William sold 850 Boxes at Rs 110 each. Calculate amount of Sales? 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 Harry of London consigned 1000 Boxes of Apple to William of Jersey at Rs 100 each . William sold 850 Boxes at Rs 110 each. Calculate amount of Sales? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Harry of London consigned 1000 Boxes of Apple to William of Jersey at Rs 100 each . William sold 850 Boxes at Rs 110 each. Calculate amount of Sales?.

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