Messrs Goswami Brothers were appointed agents by Sunrise Limited in 2001. You are given the following particulars relating to the year 2014-15 :
(i) Cost of goods despatched by the Company on consignment ~ 7,50,000.
(ii) Goods fully destroyed in transit (original cost) ~ 50,000.
(iii) Expenses incurred by the company towards : Freight ~ 2,500; Insurance ~ 1,500.
(iv) Expenses incurred by Goswami Brothers :
Landing and clearing ~ 1,500; Godown rent ~ 1,000; Transport charges ~ 1,000; Advertisement ~ 800; Insurance
~ 800.
(v) Advance remitted by the Agent ~ 1,50,000.
(vi) Bills payable accepted ~ 25,000.
(vii) Goods destroyed by fire (at original cost) in Agent’s godown ~ 35,000.
(viii) Bad debts ~ 3,000.
(ix) Unsold stock with Agent at the close of the year (at original cost) ~ 50,000.
(x) Insurance claim recovered by the consignor towards loss in transit ~ 48,000.
(xi) Insurance claim recovered by the consignee towards loss by fire ~ 35,000.
All sales were affected by the Agent at 25% on original cost. He is entitled to a commission of 10% on gross sales. You are required to show the Consignor’s Account (Sunrise Ltd.) as would appear in the books of Goswami Brothers.