RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Rajasthan Board RBSE Class 12 Accountancy Chapter 8 Consignment Accounts

RBSE Class 12 Accountancy Chapter 8 Textbook Questions

RBSE Class 12 Accountancy Chapter 8 Multiple Choice Questions

Question 1.
What is the nature of consignment account?
(a) Real account
(b) Personal account
(c) Nominal account
(d) Agent account
Answer:
c

Question 2.
What is the relation between consignor and consignee?
(a) Owner and employee
(b) Purchaser and seller
(c) Consignor and consignee
(d) Debtors and creditors
Answer:
c

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 3.
The statement of account which is sent by the consignee after selling goods is known as :
(a) Invoice
(b) Statement of Sale
(c) Account of Sale
(d) Performa Invoice
Answer:
b

Question 4.
In consignment, while valuing remaining unsold stock with consignee, which proportionate expenses of consignee is added?
(a) Octroi and freight
(b) Godown rent
(c) Advertisement expenses
(d) Sales expenses
Answer:
a

Question 5.
Consignor sent goods on consignee to consignment, consignor paid 5% commission on invoice price and 20% above on invoice price. Consignor sent goods worth Rs 80,000 at a invoice price of Rs 1,00,000, which is sold in Rs 1,10,000. The amount of commission for agent:
(a)Rs 7,000
(b)Rs 8,000
(c)Rs 10,000
(d)Rs 5,800
Answer:
a

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 6.
Goods sent on consignment worth Rs 12,000, that is 20% above the cost price. The cost of such goods will be:
(a)Rs 9,600
(b)Rs 15,000
(c)Rs 14,400
(d)Rs 10,000
Answer:
d

Question 7.
B/R received from consignee Rs 10,000 consignor discounted it from bank for Rs 9,600. What will be passed for discounting the bill?
(a) Bank A/c Dr. 9,600
Discount A/c Dr. 400
To B/R A/c 10,000
(b) Bank A/c Dr. 9,600
To Consignment A/c 400
To B/R A/c 10,000
(c) Bank A/c Dr. 9,600
Consignment A/c Dr. 400
To B/R A/c 10,000
(d) Bank A/c Dr. 9,600
Discount A/c Dr. 400
To Consignment A/c 10,000
Answer:
c

Question 8.
Ramesh sent 250 cycles @ Rs 200 per cycle at invoice price to Naresh on consignment. It includes 25% profit on cost price, consignor paid expenses Rs 2,000. Consignee informed that 50 cycles remain unsold, those cycles can sell at Rs 190 per cycle, what will be value of unsold stock?
(a)Rs 9,900
(b)Rs 9,500
(c)Rs 8,400
(d)Rs 8,000
Answer:
c

RBSE Class 12 Accountancy Chapter 8 Very Short Answer Questions

Question 1.
What is the difference between delcredere commission and additional commission?
Answer.
Delcredere Commission: To increase the sale and encourage the consignee to make credit sales, consignor provide an additional commission called delcredere commission.
Overriding Commission : It is an extra commission allowed by consignor to consignee to promote sales at higher price than invoice price.

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 2.
What is account sale? Who prepare it?
Answer.
A statement sent by the consignee to the consignor after the sale of goods is called account sale. It is prepared by consignee.

Question 3.
Give two differences between invoice and proforma invoice?
Answer.

Base of Difference Invoice  Proforma Invoice
Transfer of ownership Here ownership of goods is transferred to purchaser. Here ownership of goods is not transferred from consignor to consignee.
Statement of Goods This is a statement letter of sold goods to purchaser by seller. This is a statement letter of goods sent by consignor to consignee.

Question 4.
An agent is entitled to get delcredere commission, what entry he will pass, if bad debts due to credit sales occurs?
Answer.
Cash A/c Dr. (Received of debtors)
Commission A/c Dr. (Bad debts)
To Consignment Debtors A/c
(Being bad debts written off from commission a/c)

Question 5.
Jitu sent goods on consignment at a cost Rs 10,000. He paid Rs 1,000 for carriage and insurance. Agent paid Rs 2,500 for octroi and Rs 400 for selling expenses. Agent sold 80% goods. Calculate value of unsold stock.
Answer.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 1

Question 6.
Goods sent on consignment at cost plus 20%. Calculate the invoice value of goods costing Rs 12,000.
Answer.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 2

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 7.
Anil sent 50 fans box Rs 1,000 per fan to Sunil on consignment and paid Rs 5,000 for consignment expenses. On the way 5 fans was stolen. Sunil took the delivery of remaining fans and paid freight Rs 800. Calculate the value of abnormal fans.
Answer.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 3

Question 8.
If consignee is not entitled for delcredere commission and Rs 1,500 due to debtors become bad-debts, what entry will be passed in the books of consignor for such bad-debts?
Answer.
Consignment A/c Dr. 1,500
To Consignee A/c 1,500

Question 9.
Goods lost from consignee godown worth Rs 10,000. Insurance Co. accepted the claim for Rs 9,000. In which account such difference will be transferred?
Answer.
Difference of amount (10,000 – 9,000) = Rs 1,000 will be debited in profit & loss account. Journal entry will be:
Insurance Company A/c Dr. 9,000
Profit & Loss A/c Dr. 1,000
To Abnormal Loss A/c 10,000

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 10.
2,000 kg Guru sent on consignment @Rs 20 per kg, 100 kg became abnormal loss. 1,500 kg goods sold by consignee. Calculate the value of unsold stock.
Answer:
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 4

RBSE Class 12 Accountancy Chapter 8 Short Answer Questions

Question 1.
What are the difference between consignment and sales?
Answer.
Difference between Consignment and Sale

Difference Basis Consignment Sale
Relation between two parties Relation between two parties is that of consignor and consignee. Relation of seller and buyer. Relation of creditor-debtor in case of credit sale.
Transfer of goods ownership Ownership of goods remains with the consignor even if the goods sent by consignor to consignee. Ownership of goods is transferred to the buyer with the sale of goods
Risk of goods Risk of goods always remains with the consignor. Risk of goods is also transferred to the buyer with the transfer of goods to the buyer.
Earnings Consignee receives commission on sale of goods and consignor earns profit. Seller earns profit on sale of goods.
Sending statement Proforma invoice is sent on consignment of goods. Invoice is given on sale of goods.

Question 2.
Give two example of normal loss and abnormal loss?
Answer.
Normal Loss : Any loss of goods due to natural causes which is not possible to avoid called normal loss. For example, evaporation, drying etc.
Abnormal Loss : Such loss of goods which arises due to abnormal causes and carelessness which may be avoided by efficient management.
Example :
Loss of goods by fire, Loss of goods by theft.

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 3.
What are the difference between consignment and joint venture?
Answer.
Difference between Consignment and Joint Venture

Difference Basis Consignment Joint Venture
Relation between two parties Relationship in consignment is that of principal and agent. Co-venturers are partners in joint venture.
Ownership The consignor alone is the owner. All co-ventures are owner.
Capital contribution The consignor alone contributes to the capital. Generally all co-venturers contribute to the capital.
Period Its period is more long than joint venture. It is a temporary partnership. Joint venture is automatically terminates after the completion of the object.
Sharing profit Profit belongs to the consignor only. Profit is distributed among all co-venturers.
Methods of keeping accounts There is only one method of keeping accounts. There are four methods of keeping accounts.

Question 4.
What are the difference between invoice and proforma invoice?
Answer.

S.No. Difference Basis Proforma Invoice Invoice
1. Instructions and Condition Here instruction and conditions are related to the selling of goods. While in invoice instruction and conditions are related to the purchasing of goods.
2. Base It send to its representative by consignor. While it sent to its buyer by seller.
3. Statement It is a statement of goods sent to consignee by consignor. While it is statement of goods remaining to buyer by consignee.
4. Transfer of Ownership By this statement ownership is not transferred to consignee from consignor. While in Invoice ownership of goods is transferred to buyer.

Question 5.
While calculating value of remaining goods with consignee, which expenses paid by agent are not added?
Answer.
Recurring expenses paid by agent are not added while calculating value of remaining goods with consignee.

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 6.
Chandra sent goods worth Rs 5,000 at invoice price to Shakuntla by adding 25% profit on cost. Expenses for sending the goods worth Rs 1,000 and Shankuntla spent Rs 2,000 for receiving the goods. Consignor sold 4/5 part of goods received by him. Calculate the value of unsold stock.
Answer.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 5

Question 7.
Vivek paid to Bhavesh 5% general commission on sales and 2.5% delcredere commission. Bhavesh sold goods worth Rs 60,000 including Rs 40,000 on credit sales. What amount of commission Bhavesh will received?
Answer.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 6

Question 8.
100 ton coal sent on consignment for Rs 1,300 per ton at invoice price and Rs 800 per ton at cost price and consigner paid Rs 20,000. Agent sold 76 ton coal and paid Rs 8,000 for sales expenses. It is informed that 5 tones coal is found less. Calculate the value of remaining stock with agent.
Answer.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 7

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 9.
Mr. Harish of Mumbai consigned sent 20 items to chandigarh of Jaipur at Rs 1,800 per item at cost. He spent Rs 2,000 on consignment. On the way 4 items are destroyed. Insurance Co. accepted 80% claim. Consignee sold destroyed goods at Rs 1,000. Calculate the value of abnormal loss.
Answer.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 8

Question 10.
Ramesh sent 400 TV @ Rs 1,500 per TV at invoice price to Naresh on consignment. It includes 25% of cost. Ramesh paid Rs 2,000 for sundry expenses. Naresh sold 350 TV at Rs 1,800 per TV. Naresh paid Rs 1,000 sales expenses and Rs 2,000 advertisement expenses. Calculate the value of unsold stock.
Answer.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 9

RBSE Class 12 Accountancy Chapter 8 Essay Type Questions

Question 1.
How valuation is done for unsold stock with consignee?
Answer.
Calculation of valuation, unsold stock with consignee is as follows:

  1. Inventories will be valued at cost or market value whichever is lower.
  2. All expenses incurred by consignor should be added in the cost of unsold stock in proportionately.
  3. All expenses incurred by consignee, for reaching goods to godown will added.

But expenses incurred by consignee after the reached goods to godown are not treated a part of the cost of goods purchase for valuation of inventories in hand.
(i) Valuation of Unsold Stock:
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 10
(ii) Alternative Method:
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 11

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 2.
What do you mean by consignment? Explain with example about various types of commission given to consignee.
Answer.
Meaning of Consignment: When the owner of goods or principle sends goods to his agent on this basis that goods will be sold by the agent and he will be entitled to get commission as remuneration at a certain rate on sale of goods. This procedure is known as consignment, ownership of goods remains with the consignor. Therefore, he enjoys the whole amount of profit and bears all risks, expenses and losses regarding consignment.

Commission : Commission is the remuneration paid by the consignor to the consignee for the services rendered to the former for selling the consigned goods. Three types of commission can be provided by the consignor to the consignee, as per the agreement, either simultaneously or in isolation. They are:

(i) Ordinary Commission : The term commission simply denotes ordinary commission. It is based on fixed percentage of the gross sales proceeds made by the consignee. It is given by the consignor regardless of whether the consignee is making credit sales or not. This type of commission does not give any protection to the consignor from bad debts and is provided on total sales.

(ii) Delcredere Commission: To increase the sale and to encourage the consignee to make credit sales, the consignor provides an additional commission generally known as delcredere Commission. This additional commission when provided to the consignee gives a protection to the consignor against bad debts. In other words, after providing the delcredere commission bad debts is no more the loss of the consignor. It is calculated on total sales unless there is any agreement between the consignor and the consignee to provide it on credit sales only.

(iii) Overriding Commission: It is an extra commission allowed by the consignor to the consignee to promote sales at higher price than specified or to encourage the consignee to put hard work in introducing new product in the market. Depending on the agreement it is calculated on total sales or on the difference between actual sales and sales at invoice price or any specified price.

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 3.
Write the differences between accounting for goods on consignment at cost price and invoice price. Explain with examples.
Answer.
Accounting Treatment of Consigned Goods at Cost Price:
When goods sent to consignee by consignor it is recorded on cost price. In consignment account, all transaction or item including unsold goods are shown on cost price, so no need of any adjustment when goods shown on cost price in consignment account.

Accounting Treatment of Cosigned Goods at Invoice Price:
Generally, consignor goods sent to consignee at cost price if some profit added or goods sent on invoice price, in this situation journal entry in goods sent on consignment, opening and closing balance, abnormal loss etc. included profit because they are shown on invoice price.

To calculate correct net profit & loss on consignment, profit included in goods should be adjusted. In consignor books necessary journal entry will made.

(1) For profit, goods sent on consignment.
Goods Sent on Consignment A/ c Dr.
To Consignment A/ c
(Unrealised profit included in goods sent on consignment)

(2) Unrealised profit included in opening stock:
Stock Reserve A/c Dr.
To Consignment A/c

(3) Unrealised profit included in closing stock:
Consignment A/c Dr.
To Stock Reserve A/c

(4) Unrealised profit included in abnormal loss:
Consignment A/c Dr.
To Abnormal Loss A/ c

Example :
Prakash store from Delhi sent 100 washing machines @ Rs 7,500 at the invoice value of Rs 9,375 to Ajmer Electric Stores, consigner paid Rs 15,000 for freight and insurance. Consignee will get 10% on sale of invoice value and 25% commission on more than invoice value. Consigner paid Rs 4,000 of Octroi and Rs 5,500 of sales expenses. 90 washing machines were sold in Rs 9,45,000 and the remaining amount was sent by bank draft. Prepare consignment account in the books of consigner, if the accounting of goods is done on invoice value.
Solution.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 12

RBSE Class 12 Accountancy Chapter 8 Numerical Questions

Question 1.
Mr. Bharat of Alwar sent goods to Kapil of Udaipur for Rs 1,00,000 on consignment and paid sundry expenses Rs 20,000. Kapil sent Rs 60,000 to Bharat in advance. Kapil paid wages and cartage Rs 4,000 and godown rent Rs 3,000. Kapil sold all the goods for Rs 1,60,000 in cash. 5% commission on sales is payable to consignee. Kapil sent remaining amount to Bharat. Prepare Journal Entries is the books of consigner and consignee and also prepare necessary ledger accounts.
Solution.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 13

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 14
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 15

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 16

Question 2.
Mr. Rakesh of Jaipur appoints Mr. Anil of Bhilwara as his selling agent. Rakesh consigned 100 mobile set @ Rs 3,000 each set sent to Anil. Rakesh paid expenses Rs 2,800 and Anil paid clearing charges Rs 1,200. Anil sold 70 mobile set @ Rs 4,000 each set in cash and 20 mobile set Rs 4,200 each sold on credit. Selling expenses per mobile set Rs 25 paid. Anil received 6% general commission and 3% delcredere commission on credit sales. Prepare necessary accounts in the books of consigner and consignee. Value of one set is being bad out of credit sales.
Solution.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 17

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 18
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 19

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 3.
Bharat Cycle Ltd. of Ajmer appointed to Chandra Cycle Store, Chittorgarh as his selling agent on the following terms :
(i) Goods to be sold at invoice price or over.
(ii) Chandra Cycle Store will be entitled to get commission of 5% on invoice price and 20% for commission on the value above invoice price.
(iii) The principal to draw a bill on the agent for 2 months of 60% of invoice price.
600 cycles were consigned to Chandra Cycle Store, Chittorgarh for Rs 200 per cycle which was at invoice price Rs 250 per cycle. Chandra Cycle Store met his acceptance on due date. Chandra Cycle Store sold 540 cycles @ Rs 280 per cycle. His selling expenses Rs 1,250 and he remitted the amount due by a bank draft. The Balance stock was valued at 80% due to damaged caused by rains. Prepare the necessary ledger accounts in the books of the both parties.
Solution.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 20
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 21

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 4.
The M Coal Co. consigned to Mr. Rakesh Sales Ltd. 1,000 quintals of coal at invoice price of Rs 40 per quintal. The company paid Rs 0.50 per quintal for loading and Rs 3.50 per quintal for railway freight, an account sales was received from Mr. Rakesh Sales Ltd. showing 800 quintals coal sold at Rs 60 per quintal. Sales expenses Rs 1,600, insurance Rs 200, brokerage @ 2% and commission @ 5%. The agent remitted the amount payable by a bank draft and reported a shortage of 20 quintals of coal on the whole consignment. Prepare the necessary accounts in the books of M Coal company.
Solution.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 22
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 23

Question 5.
Krishna Glass Works of Mumbai consigned 100 cases of goods to his agent Chandan at Rs 20,000. It includes 25% on cost price. They also paid freight Rs 500 and insurance Rs 1,000. In course of transit 20 cases were lost and a claim being made, a sum of Rs 3,200 was received from Insurance Company. The agent took delivery of remaining case and Chandan paid Rs 800 custom duty, Rs 80 octroi and Rs 40 for cartage.
Chandan rendered to their principal an account sale showing that 60 cases were sold for Rs 14,000 and paid brokerage at 1.5%. The agent after deducting the expenses incurred by him and his commission at 5% on gross sales proceeds, remitted the balance due by bank draft. Record the above transactions in the ledger of both parties.
Solution.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 24
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 25

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 26
(2) Valuation of Cost of Abnormal Loss by Store & Unsold Stock at Cost Price
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 27

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 6.
Kamal Traders consigned 2000 vegetables oil tin @ Rs 1,400 per tin at cost to Himanshi Traders and paid railway freight Rs 20,000. In course of transit 100 tin was theft. A sum of Rs 10,000 is received from insurance company as a claim. Agent took delivery of remaining goods and paid to Rs 19,000 for octroi and Rs 3,000 as selling expenses. He sold 1,700 tins @ Rs 1,500 per tin and charged Rs 20 per tin sold as commission. Prepare Consignment account and Abnormal Loss account in the books of consignor.
Answer.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 28
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 29

Question 7.
Mr. Ram & Co. of Mumbai consigned 1,000 radio @ Rs 500 per radio on cost and Rs 600 per radio at invoice price to Mayank Radio Co., Ajmer. Mayank Radio Co. sold 700 radio @ Rs 750 per radio. In course of transit 50 radio damaged and agent claim to Insurance Company. Agent received commission on invoice price at 10% and above invoice price 25%. Accounting is made at invoice price. Prepare Consignment account in the books of consignment.
Solution.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 30
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 31

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 8.
Mahesh sells goods on behalf of Vijai Sales Corporation on consignment basis. On 1 January, 2015, he had with him a stock of Rs 20,000 on consignment. Mahesh had instructions to sell the goods at cost plus 25% and was entitled to get a commission of 4% on sales in addition to 1% delcredere commission on total sales for guaranteed collection of all sale proceeds. During the year ended 31, December, 2015 cash sales were Rs 1,20,000 and credit sales Rs 1,05,000. Expenses paid by Mahesh related to the consignment Rs 3,000. Bad debts were Rs 3,000 and goods sent on consignment Rs 2,00,000.
From the above particulars prepare Consignment account in the books of Vijay Sales Corporation.
Solution.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 32

Question 9.
Deepak of Delhi sent goods on consignment to Vivek of Ranchi and charge profit on proforma invoice price at 25% on cost. The agent received commission @ 7% plus 3% delcredere commission on all sales made by him.
Stock with agent at the beginning of the year, 20 bales at proforma price of Rs 5,000, the following transactions took place during the year ended 31st December, 2015 :
(i) 100 bales cosigned at proforma invoice price Rs 25,000.
(ii) Freight and insurance paid by Deepak Rs 1,000
(iii) Advance received from Vivek Rs 10,000.
(iv) Sales made by Vivek
(a) 50 bales for cash Rs 12,500
(b) 40 bales for credit Rs 10,800
(v) Advertising expenses paid by agent Rs 1,200 and brokerage allowed by him Rs 500.
(vi) 15 bales were damaged in transit and Rs 1,400 received as compensation. The damaged case were sold for Rs 1,100.
(vii) Rs 1,500 could not be realised from credit sales.
(viii) The agent remitted the balance amount. Prepare necessary accounts in the books of Deepak.
Solution.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 33RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 34

RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts

Question 10.
Bharat store consigned goods worth Rs 80,000 at invoice price (cost price Rs 60,000) to Rajasthan Store. He paid carriage and wages Rs 500, freight Rs 800 and insurance Rs 600. The agent paid octroi and freight Rs 200, godown rent Rs 500 and fire insurance Rs 500. Rajasthan Store sold goods Rs 40,000 on credit and Rs 24,000 for cash. Stock of invoice price Rs 16,000 remains unsold. 5% commission on total sales and 3% delcredere commission on credit sales is payable to consignee. Prepare Consignment account in the books of Bharat Store.
Solution.
RBSE Solutions for Class 12 Accountancy Chapter 8 Consignment Accounts 35

RBSE Solutions for Class 12 Accountancy