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Mayank coal co. consigned to Dhaval sales Ltd. 1,000 quintal coal 40 per quintal. He paid loading 500, railway freight 3,500. Dhaval sales sold 800 quintal coal @? 60 per quintal and paid sales exp.* 1600, fire insurance *200. Agent received 5commission on sales, consignees reported a shortage of 20 quintals of coal on the wholeconsignment. Prepare Consignment Account in the books of Consigner and calculate the valueof unsold stock. Please answer my question |
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