Consignment problems and solutions in English for inter
Problem: Arjun of Kamareddy and Vittal of Karimnagar are in consignment business. Vital sent goods to Arjun Rs 20,000. Vittal paid freight Rs 800, insurance Rs 700. Arjun met sales expenses Rs 750. Arjun sold the entire stock for Rs 30,000 and he is entitled to a commission of 5% on sales. Prepare necessary ledger accounts in the books of Vital and Arjun.
Also watch the following videos:
Consignment accounts: part 1 :
https://www.youtube.com/watch?v=XCuk8jPXLuw
Consignment accounts: part 2 :
https://www.youtube.com/watch?v=cZ0cVWJWRd8
Consignment accounts: part 3 :
https://www.youtube.com/watch?v=BoR0sUTdX9k
Consignment accounts: part 4 :
https://www.youtube.com/watch?v=8VzU3SAXa7U
Consignment accounts: part 5 :
https://www.youtube.com/watch?v=rOelLimN1Qo
consignment accounts: Problem no 1:
https://youtu.be/_86mIYCqREc
Consignment accounts: Problem no 2:
https://youtu.be/sd0F99T6pFs
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