Reference no: EM132682579

Question - B of Bombay consigned to A of Ahmedabad 100 Mobile sets. Cost of each set was Rs. 1,900 but B prepared pro-forma invoice at Rs. 2,200 per set. B incurred expenses amounting to Rs. 5,000 on goods consigned. On 31st December, 2007, A informed B that he had sold 68 sets @ 2,800 per set and 11 sets @ Rs. 2,700 per set and had spent Rs. 15,200 on behalf of the consignor. One set has been accidentally damaged and sold for Rs. 500 according to instructions of the consignor. A was entitled to a commission of 6% on gross sales including del credere commission. A could recover only Rs. 2,500 from a customer to whom one set has been sold on credit for Rs. 2,800. All other sales were made on cash basis.

Show ledger accounts in the books of both the parties.

Show ledger accounts in the books of both the parties.