Give journal entries accounts in the books of sohan

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Reference no: EM132720654

Problem 1: Sohan and Mohan supplies goods to the value of Rs. 50,000 and incurs expenses amounting to Rs 5,400. Mohan supplies goods to the value of Rs. 14,000 and his expenses amount to Rs. 800. Mohan sales goods on behalf of the joint venture and realise Rs. 92,000. Mohan is entitled to a commission @ 5% on sales. Mohan settles his account by bank draft. Give journal entries and necessary accounts in the books of Sohan.

Reference no: EM132720654

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