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Dutt of Delhi makes sewing machines at a cost of. On 1st January, 1994 he consigned of them, invoice price to Khan at Madras to be sold on behalf of Dutt, Khan receiving a commission of 8% on Sales plus 2% Del credere and 10% of any profit that may remain on the basis of invoice price. Khan was to bear all expenses after the machines reach his godown. Dutt incurred Rs. 500 as forwarding expenses and insurance.
Problem 1: You are required to prepare the Consignment to Madras A/c and Khan's
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