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.

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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)


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