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T. Nu sent a bank draft to Roy & Co. for Rs 50,000 asadvance payment and later sent an account salesshowing that 800 toys had been sold at Rs 220each. Expenses incurred by T. Nu on godown rentand advertisement, etc., amounted to Rs 2,000 T. Nuwas entitled to commission of 5 per cent. One of thecredit customers could not pay for 5 toys. Prepare theConsignment Account, T. Nu's account and Profit andLoss Account in the books of Roy & Co., assumingthat nothing has been recovered from the insurersdue to a defect in the policy. T. Nu settled his accountimmediately |
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Answer» brjrrjvewevrkfmsvrhktsvehykngeg |
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