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Ram and co. Of Calcutta consigned 50 cases of goods at rs.200 each to Nathan of Bombay. The consignor pays rs 200 for insurance and for freight rs.300. Nathan sent an account sales showing the gross proceeds at rs.24,000. The expenses paid by Nathan were dock dues rs.20,carriage rs.50 warehousing expenses rs.130. He sent the amount due to the consignor after deducting 4% commission. Give the journal entries in the books of both parties?
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Ram and co. Of Calcutta consigned 50 cases of goods at rs.200 each to ...
Ram's Books:
1. Consignment of goods to Nathan
- Goods A/c Dr. 10,000
- To Consignment to Nathan A/c 10,000

2. Payment of insurance
- Insurance A/c Dr. 200
- To Bank A/c 200

3. Payment of freight
- Freight A/c Dr. 300
- To Bank A/c 300

4. Receipt of commission
- Consignment to Nathan A/c Dr. 960
- To Commission A/c 960

5. Receipt of amount due from Nathan
- Bank A/c Dr. 19,540
- To Consignment to Nathan A/c 19,540

Nathan's Books:
1. Receipt of goods from Ram
- Consignment from Ram A/c Dr. 10,000
- To Goods A/c 10,000

2. Payment of dock dues
- Dock Dues A/c Dr. 20
- To Bank A/c 20

3. Payment of carriage
- Carriage A/c Dr. 50
- To Bank A/c 50

4. Payment of warehousing expenses
- Warehousing Expenses A/c Dr. 130
- To Bank A/c 130

5. Sale of goods
- Sales A/c Dr. 24,000
- To Consignment from Ram A/c 24,000

6. Deduction of commission
- Consignment from Ram A/c Dr. 960
- To Commission A/c 960

7. Payment of amount due to Ram
- Consignment from Ram A/c Dr. 19,040
- To Bank A/c 19,040
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Ram and co. Of Calcutta consigned 50 cases of goods at rs.200 each to ...
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Ram and co. Of Calcutta consigned 50 cases of goods at rs.200 each to Nathan of Bombay. The consignor pays rs 200 for insurance and for freight rs.300. Nathan sent an account sales showing the gross proceeds at rs.24,000. The expenses paid by Nathan were dock dues rs.20,carriage rs.50 warehousing expenses rs.130. He sent the amount due to the consignor after deducting 4% commission. Give the journal entries in the books of both parties?
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Ram and co. Of Calcutta consigned 50 cases of goods at rs.200 each to Nathan of Bombay. The consignor pays rs 200 for insurance and for freight rs.300. Nathan sent an account sales showing the gross proceeds at rs.24,000. The expenses paid by Nathan were dock dues rs.20,carriage rs.50 warehousing expenses rs.130. He sent the amount due to the consignor after deducting 4% commission. Give the journal entries in the books of both parties? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Ram and co. Of Calcutta consigned 50 cases of goods at rs.200 each to Nathan of Bombay. The consignor pays rs 200 for insurance and for freight rs.300. Nathan sent an account sales showing the gross proceeds at rs.24,000. The expenses paid by Nathan were dock dues rs.20,carriage rs.50 warehousing expenses rs.130. He sent the amount due to the consignor after deducting 4% commission. Give the journal entries in the books of both parties? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ram and co. Of Calcutta consigned 50 cases of goods at rs.200 each to Nathan of Bombay. The consignor pays rs 200 for insurance and for freight rs.300. Nathan sent an account sales showing the gross proceeds at rs.24,000. The expenses paid by Nathan were dock dues rs.20,carriage rs.50 warehousing expenses rs.130. He sent the amount due to the consignor after deducting 4% commission. Give the journal entries in the books of both parties?.
Solutions for Ram and co. Of Calcutta consigned 50 cases of goods at rs.200 each to Nathan of Bombay. The consignor pays rs 200 for insurance and for freight rs.300. Nathan sent an account sales showing the gross proceeds at rs.24,000. The expenses paid by Nathan were dock dues rs.20,carriage rs.50 warehousing expenses rs.130. He sent the amount due to the consignor after deducting 4% commission. Give the journal entries in the books of both parties? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Ram and co. Of Calcutta consigned 50 cases of goods at rs.200 each to Nathan of Bombay. The consignor pays rs 200 for insurance and for freight rs.300. Nathan sent an account sales showing the gross proceeds at rs.24,000. The expenses paid by Nathan were dock dues rs.20,carriage rs.50 warehousing expenses rs.130. He sent the amount due to the consignor after deducting 4% commission. Give the journal entries in the books of both parties? defined & explained in the simplest way possible. Besides giving the explanation of Ram and co. Of Calcutta consigned 50 cases of goods at rs.200 each to Nathan of Bombay. The consignor pays rs 200 for insurance and for freight rs.300. Nathan sent an account sales showing the gross proceeds at rs.24,000. The expenses paid by Nathan were dock dues rs.20,carriage rs.50 warehousing expenses rs.130. He sent the amount due to the consignor after deducting 4% commission. Give the journal entries in the books of both parties?, a detailed solution for Ram and co. Of Calcutta consigned 50 cases of goods at rs.200 each to Nathan of Bombay. The consignor pays rs 200 for insurance and for freight rs.300. Nathan sent an account sales showing the gross proceeds at rs.24,000. The expenses paid by Nathan were dock dues rs.20,carriage rs.50 warehousing expenses rs.130. He sent the amount due to the consignor after deducting 4% commission. Give the journal entries in the books of both parties? has been provided alongside types of Ram and co. Of Calcutta consigned 50 cases of goods at rs.200 each to Nathan of Bombay. The consignor pays rs 200 for insurance and for freight rs.300. Nathan sent an account sales showing the gross proceeds at rs.24,000. The expenses paid by Nathan were dock dues rs.20,carriage rs.50 warehousing expenses rs.130. He sent the amount due to the consignor after deducting 4% commission. Give the journal entries in the books of both parties? theory, EduRev gives you an ample number of questions to practice Ram and co. Of Calcutta consigned 50 cases of goods at rs.200 each to Nathan of Bombay. The consignor pays rs 200 for insurance and for freight rs.300. Nathan sent an account sales showing the gross proceeds at rs.24,000. The expenses paid by Nathan were dock dues rs.20,carriage rs.50 warehousing expenses rs.130. He sent the amount due to the consignor after deducting 4% commission. Give the journal entries in the books of both parties? tests, examples and also practice CA Foundation tests.
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