Non Inc., shipped 200 Super-X appliances to Asean Company, retail distributors,for sale. On a 15 percent del credere commission basis. The cost of each appliance was 4,980 Baht, with an additional payment of 120 Baht per unit to crate and ship to the consignee. It was agreed that Non Inc. would draw a sight draft on the consignee for 60 percent of the cost of the appliances, the advance to be recovered periodically by monthly deductions (based on units sold) from the remittances which accompany the account sales. All expenses of the
consignee are deducted monthly as incurred.
The following account sales was rendered by the consignee at the conclusion of the first month’s operations:
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consignee are deducted monthly as incurred.
The following account sales was rendered by the consignee at the conclusion of the first month’s operations: