e at cost. Abdalla accepted of 1, 00000B / R on 3rd June 2016. Kareem discounted it from bank at 90,000 and paid 3,000 wages, 2,000 railway freight and 1000 packing expenses. Abdalla paid 1,000 for unloading , 500 tax and 2,000 go down rent. Abdalla received 5% general commission and 2% Delcredere commission . Abdalla sold 100 cycles for cash at 1800 pe
e at cost. Abdalla accepted of 1, 00000B / R on 3rd June 2016. Kareem discounted it from bank at 90,000 and paid 3,000 wages, 2,000 railway freight and 1000 packing expenses. Abdalla paid 1,000 for unloading , 500 tax and 2,000 go down rent. Abdalla received 5% general commission and 2% Delcredere commission . Abdalla sold 100 cycles for cash at 1800 pe
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please I need help in this question ,,
"Q1. Mr. Kareem of Dubai consigned to Mr. Abdalla of Abu Dhabi on 1 June, 2016, 200 sports cycle 1,500 per cycle at cost.
Abdalla accepted of 1, 00000B / R on 3rd June 2016. Kareem discounted it from bank at 90,000 and paid 3,000 wages, 2,000 railway freight and 1000 packing expenses.
Abdalla paid 1,000 for unloading , 500 tax and 2,000 go down rent. Abdalla received 5% general commission and 2% Delcredere commission .
Abdalla sold 100 cycles for cash at 1800 per cycle and 50 cycles on credit @ 2000 per cycle.
Abdalla sent account of sale and after deducting expenses and commission on 30 June, 2016."
Prepare a Consignment Account (the values are in AED)
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