& Co. Sends cheque for the balance due. Show the journal entries and Nathan & Co. Godown Rent. Nathan & Co, is eligible for 4% Commission on Gross sales. Nathan & Co. sold the goods for Rs. 24,000 and paid Rs. 520 for carriage and Rs. 130 for & Co. Madunti Somu & Co, paid Rs. 200 as insurance and Rs. 300 as freight. Nathan Madurai Somu& Co, consigned 50 Cases of goods @ Rs. 200 each to Chennai Nathan GreNdy sent on Consignment at l'ost acount in the books of M/s. Madurai Somu & Co. (Rhangckidaga na

& Co. Sends cheque for the balance due. Show the journal entries and Nathan & Co. Godown Rent. Nathan & Co, is eligible for 4% Commission on Gross sales. Nathan & Co. sold the goods for Rs. 24,000 and paid Rs. 520 for carriage and Rs. 130 for & Co. Madunti Somu & Co, paid Rs. 200 as insurance and Rs. 300 as freight. Nathan Madurai Somu& Co, consigned 50 Cases of goods @ Rs. 200 each to Chennai Nathan GreNdy sent on Consignment at l'ost acount in the books of M/s. Madurai Somu & Co. (Rhangckidaga na

Name: Madurai Somu & Co, consigned 50 Cases of goods @ Rs. 200 cach to Chen
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Description: Madurai Somu & Co, consigned 50 Cases of goods @ Rs. 200 cach to Chennai Nathan& Co. Sends cheque for the balance due. Show the journal entries and Nathan & Co.Godown Rent. Nathan & Co. is eligible for 4% Commission on Gross sales. Nathan& Co. sold

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 7MCQ

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