Accounting
X, whose accounting year ends on 31st May each year, consigned 100 cases of medicine costing ~ 3,000 each to Y of Madras on 1.4.2015. he paid ~ 5,000 towards freight and insurance. 15 cases were damaged in transit and on 30.5.2015, the consignor received ~ 10,000 on account of the damaged cases from the […]