1]Sen & Co. of Calcutta consign goods costing Rs.

25,000 to their agent, Mustak of Mysore, on which they pay fright, insurance and charges Rs. 1,500, drawing on him a bill of exchange at 90 days for Rs. 20,000. They discount the bill at Mercantile Bank being charged Rs. 200 therefor. After two months they received from their agent and Account Sales informing that the entire consignment has been sold for Rs. 35,000. That expenses amounting to Rs. 700 have been incurred and showing as deduction the agreed commission of 2 per cent on the amount realized. A draft on the syndicate Bank was enclosed for the balance due. Show important ledger account in the books of both parties. 2] The Kolkata Motors Ltd. Consigned to their agent in Patna to Motor cars costing Rs. 48,000 each for sales. Commission was payable ordinary 8% and del- credere commission 2%. The agent was to bear all expenses in Patna which amounted to Rs, 6,500. The agent sold one car at Rs. 65,000.and remitted Rs. 52,000 on account. The second car was sold for Rs. 71,500 but out of this a sum of Rs. 13,000 became bad debt. Open the necessary accounts in the books of both consignor and consignee 3] On 15 January, 2004 Jamshed & Co. of Mumbai sent to Mukharjee Co. of Kolkata 400 bicycle at an invoice price of Rs. 100 per bicycle to be sold on commission. Freight and insurance were Rs. 600. Account sale was received from consignee as follows: 15th March 100 bicycles were sold at Rs. 145 on which 15% commission and Rs. 375 for expenses were deducted. 10th April 150 bicycles were sold at Rs. 140 on which 5% commission and Rs. 290 for expenses were deducted. 4] Karanth sold goods on behalf of Vijay sales on consignment basis. On January 1, 2008, he had with him a stock of RTs. 20,000 on consignment Karanth had instruction to sell the goods at cost plus 25% and was entitled to commission of 4% on sales, i9n addition to 1% Del credere commission on total sales for guaranteeing collection of all the sales proceeds. During the year ended 31st December, 2008, cash sales were Rs. 1,20,000, credit sales Rs. 1,05,000 and Karanths expenses relating to the consignment Rs. 3000 being salaries and insurance. Bad debts were Rs. 3,000 and goods sent on consignment Rs. 2, 00,000. From the above, prepare Consignment Account and consignees account in the books of Vijay sales and important Ledger accounts in the books of Karanth . 5] Nanak of Calcutta consigned 100 Prestige Cookers to Rajat of Jalpaiguri costing Rs 90 per cooker,but invoiced at a price so as to show 20% profit on such invoice price. Nanak spent Rs 800 as freight and insurance. Rajat was entitled to a commission of 10% on gross sales. Rajat sold 75 cookers @ 150 each and spent Rs 150 as dock dues

and Rs 200 as miscellaneous expenses.Show Consignment A/c and Consignees A/c in the books of Consigner, and Consigners A/c in the books of Consignee.