CONSIGNMENT :

When closing stock is given in the problem:

Q.1) Dabu of Dadar consigned 100 boxes of tea poder to Sonu of Sutat. The cost price of of
each box was Rs.100. Dady paid 600 for carriage and insurance. Sonu send an account
sale stating that 70 boxes were sold for Rs.12,000 & 500 for carriage & other expenses.
Commission at 5% on total sales. Show consignment & Sonu A/c in the books of Dadu.

*********

Q.2) Hema consigned 1000 radios sets costing Rs.700 each to Hemlata on 1 st July 1984 on the
same day. Hema incurred the following expenses carriage 550, freight 45,000, Insurance
2,500. Hemlata sold 750 sets for Rs.6,00,000 & Hemlata incurred 2000 for carriage , 5000
for custom duty. Hemlata was entitled a commission of 5% on sales. She incurred the
expenses amount to Rs, 1500 for repaining.

*********

Q.3) Ratanlala consigned 500 boxes of tea costing Rs.100 per box to Sohanlala. Ratanlal paid
freight Rs.500, Insurance Rs.200 & Sundry Expenses Rs.80. He drew a bill of exchange
on Sohanlal and received it from Sohanlal for Rs.10,000, the bill was discounted with the
bank by giving a discount of Rs.100. Sohanlal sold 300 boxes of tea at 200. He paid
Rs.180 for carriage. He was the entitled to a commission of 5% on total sales. The balance
due was sent by bank draft. Prepare consignment A/c and Sohanlal A/c in the books of
consigner.

************

Q.4) Rohan consigned 500 boxes at Rs.100 each to Rahul. Rohan paid freight Rs.700, Carriage
Rs.100. Rahul sold 300 boxes at Rs.150 each and paid insurance charges Rs.180. Rahul draws a
bill of exchange for Rs.20,000 which is accepted by Rahul. Rahul then discounted the bill with
bank at 10% p.a. Prepare consignment A/c & consignee A/c in the Books of consigner.
**********
Invoice Price higher than cost price:

Q.5) Arun consigned 100 sewing machines to Sanjay to be sold on his risk. The cost of one
sewing machine was Rs.150, but the invoice price was Rs.200. Arun paid freight Rs.600
& insurance in transit Rs.200. Sanjay sent a bank draft to Arun for Rs.10,000 as advance
payment and later sent an account sales showing that 80sewing machines were sold at
Rs.220 each. Expenses incurred by Sanjay were: Carriage inward Rs.25, Octroi Rs.75,
Godown rent Rs.500 and advertisement Rs.300, Sanjay in entitled to a commission of 5%
on sales. Show consignment A/c & Sanjay A/c in the Books of consigner.
************

1
Q.6) From the following information prepare consignment A/c & consignee A/c in the Books
of consigner.
Ashok Deshpande consigned 2000 calculators to Yogesh Deshmukh. The cost of one
calculator of Rs.200 each, but the invoice price was Rs.250each. Ashok paid freight
Rs,28,000, insurance Rs.10,000, Yogesh accepted a bill for Rs.2,00,000. Yogesh sasles
1900 calculator t Rs.250 each expenses by Yogesh were: Carriage – 5,000, Octroi –
8,000, godown rent 2,000, and selling expenses 1,000, Yogesh is entitled to a
commission of 5% on sale.
************
Q.7) Swastik Ltd. forwarded on 11th Jan., 2002, 100 bicycles to Navinder & Co of Delhi to be
sold on behalf of Swastik Ltd. The cost of one bicycle was Rs.250, but the invoice price
was Rs.300, Swastik Ltd. incurred Rs.1,000 on fright & insurance and received
Rs.10,000 as advances from Navinder & Co. Navinder and Co. paid Rs.500 as octroi and
carriage Rs.400 as rent and Rs.300 as insurance and by 30 th June 2002, had disposed of
80 bicycles for Rs.25,000. Navinder and Co. is entitled to commission on sale at 5% on
proforma invoice rpice and 25% of any surplus price reallied. Naviner and Co remitted
the amount due from them by a bank draft.
Prepare consignment A/c, Consignee A/c. Goods sent to consignment A/c, Consignment
Stock A/c., Consigner A/c.
************
Q.8) Moonlight Ltd consigned 200 tea boxes to sunlight company on 1 st Jan 2000. The cost of
each box was Rs.125 but the invoice price was Rs.150. moonlight Ltd. incurred Rs.2,000
on freight and insurance and received Rs.20,000 as an advance. Sunlight company paid
Rs.1000 as octroi, Rs.800 as rent & Rs.600 as insurance. The consignee has disposed of
160 boxes for Rs.50,000. Sunlight company is entitled to 5% commission on sale on
invoice price & 20% of any surplus price realized. Sunlight company remitted the amount
by a bank draft.
************
Q.9) Vikrant consigned to Vikas 1000 Radio sets costing Rs.250 per set. The proforma invoice
was prepared at 20% above cost and Vikarant paid Rs.1500 for insurance Rs.3500 for
carriage and Rs.5000 for sundry expenses. On receipt of the consignment, Vikas accepted
a bill Rs.1,50,000 which was discounted by Vikrant for Rs.1,47,500 and the discount was
charged to the consignment A/c.
Vikas sent an ‘Account Sale’ which showed the follwoing:
1) Cash sales of 600 radio sets at Rs.350 each
2) Credit sales of 300 radio sets at Rs.400 each.
3) Cash sales of 50 radio sets at Rs.320 each
4) Expenses paid: godown rent Rs.3000 and selling expenses Rs.5000.
5) General commission at 10% on sales and declared the commission at 2% on credit
sales
Assuming that Vikas remitted the balance due by
2
200 tea boxes to sunlight company on 1 st Jan 2000. The cost of each box was Rs.125 but the
invoice price was Rs.150. moonlight Ltd. incurred Rs.2,000 on freight and insurance and
received Rs.20,000 as an advance. Sunlight company paid Rs.1000 as octroi, Rs.800 as
rent & Rs.600 as insurance. The consignee has disposed of 160 boxes for Rs.50,000.
Sunlight company is entitled to 5% commission on sale on invoice price & 20% of any
surplus price realized. Sunlight company remitted the amount by a bank draft.
************