Consignee’s Account And Trading, Profit And Loss Account - SS3 Accounting Past Questions and Answers - page 1

Question:

The following transactions were derived from the books of FLOW ENERGY the month of September 2022. You are required to prepare in tabular form:

Transactions for ABC TECH in September 2022

Date	Transaction	Amount (₦)
09/01/2022	Sold goods on consignment to Consignee	200,000
09/05/2022	Consignee paid for the goods sold	100,000
09/07/2022	Additional goods sent to Consignee on consignment	150,000
09/10/2022	Consignee paid for the additional goods sent	75,000
09/15/2022	Goods returned by Consignee	50,000
09/20/2022	Consignee paid for the goods returned	25,000
09/22/2022	Sold goods directly to customers	80,000
09/25/2022	Received payment for goods sold directly to customers	80,000
09/28/2022	Additional goods sent to Consignee on consignment	100,000
09/30/2022	Consignee sold goods on consignment	120,000
09/30/2022	Consignee's commission paid	10,000

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