View Full Version : Prepare ledger accounts
Merlin_Paul
Mar 14, 2011, 05:36 AM
A of Ahmedabad consigned goods to B of Mumbai for sale at performa invoice price or over. B is entitled to have commission on sale at 5% on performa invoice price and 25%
Of any surplus realized. Goods consigned by A to B during the year 2008, costs A
Rs. 20, 900 and invoiced at Rs. 28, 400. A paid Rs. 1,045 as freight and received
Rs. 15, 000 as advanced from B. 80% of the goods were sold by B for Rs. 26, 000.
B remitted the balance of proceeds after deducting the commission. Prepare necessary
Ledger accounts in the books of A.
kcomissiong
Apr 7, 2011, 07:26 AM
Please attempt your OWN assignment, and show us where you went wrong and then we can help you. We do not do homework assignments here.
Merlin_Paul
Apr 8, 2011, 02:26 AM
Oh really? I am so sorry. I didn't know that. By the way thanks for the advice!
Merlin_Paul
Apr 8, 2011, 02:27 AM
Oh really? I am so sorry. I didn't know that. By the way thanks for the advice!
kcomissiong
Apr 8, 2011, 06:10 AM
Well, here is some helpful advice... giving a poor rating when someone refuses to do your homework is in violation of the ratings policy of this site and can get you kicked off.
Merlin_Paul
Apr 8, 2011, 06:33 AM
Thank u sooooo much :)
kcomissiong
Apr 8, 2011, 06:40 AM
If you can submit your assignment, and show us where you are struggling, we can point you in the right direction, or correct where your formulas are wrong.
Unknown008
Apr 8, 2011, 08:35 AM
If you have time to read and answer other people's questions, could you at least say where you are stuck, what are you having problems with, or post what you've got so far?
And a link to the rules, just as a reminder:
https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html
akumarsinha5
Apr 11, 2011, 08:03 PM
A of Ahmedabad consigned goods to B of Mumbai for sale at performa invoice price or over. B is entitled to have commission on sale at 5% on performa invoice price and 25%
Of any surplus realized. Goods consigned by A to B during the year 2008, costs A
Rs. 20, 900 and invoiced at Rs. 28, 400. A paid Rs. 1,045 as freight and received
Rs. 15, 000 as advanced from B. 80% of the goods were sold by B for Rs. 26, 000.
B remitted the balance of proceeds after deducting the commission. Prepare necessary
Ledger accounts in the books of A. (20)
Solution: Coming soon …
THUNDER_ROCK
Sep 26, 2011, 01:54 PM
Solve your assignments yourself don't waste time here