Answer Posted / anusha
commission given to the consignee in addition to the normal commission the main purpose is the consignee to bear or absorber the loss of account of bad debts if any arising out of credit sales of consignment goods .once d consignee is received the dellcrader commission he becomes liable to all loss and account of non recovery of bad debts
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hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
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