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March 2021 is for consigns 2000 toy cars costing rupees 50 each to Falguni in curse rupees 2000 frieght charges Falguni received stars car and in curs rupees 500 towards clearing charges 1300 toy cars rupees 74.5 0 per unit and in curse rupees 300 selling expenses she is entered for commission of 5% gross cells there is normal loss of 50 units 80000 through digital mode on 31 March 2021 prepare consignment account Falguni account and goods and consignment account in books of eeshwar?
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March 2021 is for consigns 2000 toy cars costing rupees 50 each to Fal...
Preparation of Consignment Account, Falguni Account and Goods in Consignment Account
Consignment Account
Particulars Amount (in Rs.) Particulars Amount (in Rs.)
To Goods Sent 1,00,000 By Sales (1,300 * 74.50) 96,850
To Freight Charges 2,000 By Normal Loss 3,725
To Clearing Charges 500 By Eeshwar's Commission 4,842.50
By Balance c/d 1,882.50
Total 1,05,225
Total 1,05,225
Falguni Account
Particulars Amount (in Rs.) Particulars Amount (in Rs.)
To Goods Received 96,850 By Commission Received 4,842.50
To Clearing Charges 500 By Balance c/d 1,657.50
To Normal Loss 3,725
Total 1,01,075
Total 1,01,075
Goods in Consignment Account
Particulars Amount (in Rs.) Particulars Amount (in Rs.)
To Opening Stock 1,00,000 By Sales (1,300 * 74.50) 96,850
To Purchases (1,950 * 50) 97,500 By Normal Loss 3,725
To Freight Charges 2,000 By Closing Stock (1,900) 95,000
To Clearing Charges 500
To Selling Expenses 300
Total 2,00,300
Total 2,00,300
Explanation:
- Eeshwar consigned 2,000 toy cars worth Rs. 50 each to Falguni for sale.
- The consignment was sent along with freight charges of Rs. 2,000 and clearing charges of Rs. 500.
- Falguni received 1,300 toy cars and sold them at Rs. 74.50 per unit, incurring selling expenses of Rs. 300.
- There was a normal loss of 50 units.
- Eeshwar is entitled to a commission of 5% on gross sales.
- The consignment account shows the details of goods sent, expenses incurred and sales made, and the balance carried forward to the next period.
- The Falguni account records the goods received and sold, expenses incurred, commission paid, and the balance carried forward.
- The goods in consignment account shows the opening and closing stock, purchases, expenses incurred, and the balance carried forward.
Consignment Account
Particulars Amount (in Rs.) Particulars Amount (in Rs.)
To Goods Sent 1,00,000 By Sales (1,300 * 74.50) 96,850
To Freight Charges 2,000 By Normal Loss 3,725
To Clearing Charges 500 By Eeshwar's Commission 4,842.50
By Balance c/d 1,882.50
Total 1,05,225
Total 1,05,225
Falguni Account
Particulars Amount (in Rs.) Particulars Amount (in Rs.)
To Goods Received 96,850 By Commission Received 4,842.50
To Clearing Charges 500 By Balance c/d 1,657.50
To Normal Loss 3,725
Total 1,01,075
Total 1,01,075
Goods in Consignment Account
Particulars Amount (in Rs.) Particulars Amount (in Rs.)
To Opening Stock 1,00,000 By Sales (1,300 * 74.50) 96,850
To Purchases (1,950 * 50) 97,500 By Normal Loss 3,725
To Freight Charges 2,000 By Closing Stock (1,900) 95,000
To Clearing Charges 500
To Selling Expenses 300
Total 2,00,300
Total 2,00,300
Explanation:
- Eeshwar consigned 2,000 toy cars worth Rs. 50 each to Falguni for sale.
- The consignment was sent along with freight charges of Rs. 2,000 and clearing charges of Rs. 500.
- Falguni received 1,300 toy cars and sold them at Rs. 74.50 per unit, incurring selling expenses of Rs. 300.
- There was a normal loss of 50 units.
- Eeshwar is entitled to a commission of 5% on gross sales.
- The consignment account shows the details of goods sent, expenses incurred and sales made, and the balance carried forward to the next period.
- The Falguni account records the goods received and sold, expenses incurred, commission paid, and the balance carried forward.
- The goods in consignment account shows the opening and closing stock, purchases, expenses incurred, and the balance carried forward.
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March 2021 is for consigns 2000 toy cars costing rupees 50 each to Falguni in curse rupees 2000 frieght charges Falguni received stars car and in curs rupees 500 towards clearing charges 1300 toy cars rupees 74.5 0 per unit and in curse rupees 300 selling expenses she is entered for commission of 5% gross cells there is normal loss of 50 units 80000 through digital mode on 31 March 2021 prepare consignment account Falguni account and goods and consignment account in books of eeshwar?
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March 2021 is for consigns 2000 toy cars costing rupees 50 each to Falguni in curse rupees 2000 frieght charges Falguni received stars car and in curs rupees 500 towards clearing charges 1300 toy cars rupees 74.5 0 per unit and in curse rupees 300 selling expenses she is entered for commission of 5% gross cells there is normal loss of 50 units 80000 through digital mode on 31 March 2021 prepare consignment account Falguni account and goods and consignment account in books of eeshwar? 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 March 2021 is for consigns 2000 toy cars costing rupees 50 each to Falguni in curse rupees 2000 frieght charges Falguni received stars car and in curs rupees 500 towards clearing charges 1300 toy cars rupees 74.5 0 per unit and in curse rupees 300 selling expenses she is entered for commission of 5% gross cells there is normal loss of 50 units 80000 through digital mode on 31 March 2021 prepare consignment account Falguni account and goods and consignment account in books of eeshwar? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for March 2021 is for consigns 2000 toy cars costing rupees 50 each to Falguni in curse rupees 2000 frieght charges Falguni received stars car and in curs rupees 500 towards clearing charges 1300 toy cars rupees 74.5 0 per unit and in curse rupees 300 selling expenses she is entered for commission of 5% gross cells there is normal loss of 50 units 80000 through digital mode on 31 March 2021 prepare consignment account Falguni account and goods and consignment account in books of eeshwar?.
March 2021 is for consigns 2000 toy cars costing rupees 50 each to Falguni in curse rupees 2000 frieght charges Falguni received stars car and in curs rupees 500 towards clearing charges 1300 toy cars rupees 74.5 0 per unit and in curse rupees 300 selling expenses she is entered for commission of 5% gross cells there is normal loss of 50 units 80000 through digital mode on 31 March 2021 prepare consignment account Falguni account and goods and consignment account in books of eeshwar? 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 March 2021 is for consigns 2000 toy cars costing rupees 50 each to Falguni in curse rupees 2000 frieght charges Falguni received stars car and in curs rupees 500 towards clearing charges 1300 toy cars rupees 74.5 0 per unit and in curse rupees 300 selling expenses she is entered for commission of 5% gross cells there is normal loss of 50 units 80000 through digital mode on 31 March 2021 prepare consignment account Falguni account and goods and consignment account in books of eeshwar? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for March 2021 is for consigns 2000 toy cars costing rupees 50 each to Falguni in curse rupees 2000 frieght charges Falguni received stars car and in curs rupees 500 towards clearing charges 1300 toy cars rupees 74.5 0 per unit and in curse rupees 300 selling expenses she is entered for commission of 5% gross cells there is normal loss of 50 units 80000 through digital mode on 31 March 2021 prepare consignment account Falguni account and goods and consignment account in books of eeshwar?.
Solutions for March 2021 is for consigns 2000 toy cars costing rupees 50 each to Falguni in curse rupees 2000 frieght charges Falguni received stars car and in curs rupees 500 towards clearing charges 1300 toy cars rupees 74.5 0 per unit and in curse rupees 300 selling expenses she is entered for commission of 5% gross cells there is normal loss of 50 units 80000 through digital mode on 31 March 2021 prepare consignment account Falguni account and goods and consignment account in books of eeshwar? in English & in Hindi are available as part of our courses for B Com.
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March 2021 is for consigns 2000 toy cars costing rupees 50 each to Falguni in curse rupees 2000 frieght charges Falguni received stars car and in curs rupees 500 towards clearing charges 1300 toy cars rupees 74.5 0 per unit and in curse rupees 300 selling expenses she is entered for commission of 5% gross cells there is normal loss of 50 units 80000 through digital mode on 31 March 2021 prepare consignment account Falguni account and goods and consignment account in books of eeshwar?, a detailed solution for March 2021 is for consigns 2000 toy cars costing rupees 50 each to Falguni in curse rupees 2000 frieght charges Falguni received stars car and in curs rupees 500 towards clearing charges 1300 toy cars rupees 74.5 0 per unit and in curse rupees 300 selling expenses she is entered for commission of 5% gross cells there is normal loss of 50 units 80000 through digital mode on 31 March 2021 prepare consignment account Falguni account and goods and consignment account in books of eeshwar? has been provided alongside types of March 2021 is for consigns 2000 toy cars costing rupees 50 each to Falguni in curse rupees 2000 frieght charges Falguni received stars car and in curs rupees 500 towards clearing charges 1300 toy cars rupees 74.5 0 per unit and in curse rupees 300 selling expenses she is entered for commission of 5% gross cells there is normal loss of 50 units 80000 through digital mode on 31 March 2021 prepare consignment account Falguni account and goods and consignment account in books of eeshwar? theory, EduRev gives you an
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