Accountancy related question

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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.

    • 6 years ago
    • 7
    Answer(0)