Arup consigned 2,000 kg of fine Basmati rice @ ~ 10 per kg to Sintu. He paid freight ~ 3,000, dock charges ~ 2,500 and insurance ~ 1,500. 800 kg. rice was destroyed in transit due to an accident. Claim admitted by the insurance company was
~ 4,500. Sintu sold in cash and on credit 1,000 kg. rice @ ~ 15 per kg. He incurred the following expenses : Clearing charges ~ 2,000; Carrying charges ~ 1,000; Godown rent ~ 1,200 and Selling expenses ~ 1,500. Sintu received commission @ 10% on sales. ~ 2,000 could not be realised from a debtor.
Show the Consignment Account and determine profit or loss from consignment.