Rauf & CO of Lahore consigned to farooq of Gujrat 60 boxes of toys at...
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Accounting
Rauf & CO of Lahore consigned to farooq of Gujrat 60 boxes of toys at Rs 400 per box. The consignor paid insurance of Rs 2000 . Farooq sent Rs 10000 as advance . Rauf & Co received an account sales from farooq containing following: a) Gross sales are Rs 34000 b) Transporatation and warehousing charges are Rs 1500 c) Commission at 15% on gross sales Pass Journal entries in the books of consignor and consignee. (SOLVE WITHIN 0NE HOUR 10 UPVOTES WILL BE GIVEN)
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