Oswal Mills Barnala consigned 5000 kg of vanaspati ghee to Rajendra Dealers of Panipat. Each kg. Ghee costs Rs. 8. Oswal Mills paid Rs. 50 for carriage, Rs. 250 for freight and Rs. 200 for insurance in transit. During transit 500 kg. Ghee was accidentally destroyed for which insurance company paid directly to the consignor Rs. 2500 in full settlement of the claim. After 3 month from the date of consignment of goods to Panipat, Rajendra Dealers reported that 1500 kg. Ghee was sold at Rs. 9.5 per kg. The expenses were: On Godown Rent Rs. 500, On Salesman Salary Rs. 700. Rajendra dealers are entitled to a commission of 5% on sales. Due to leakage, Rajendra Dealers also reported a loss of 20 kg. Ghee. Prepare consignment account and abnormal loss account in the books of the Consignor.

To prepare the consignment account and abnormal loss account in the books of Oswal Mills, we will first need to break down the details given in the problem. We are dealing with the consignment of vanaspati ghee from Oswal Mills to Rajendra Dealers, and we need to account for all costs, sales, losses, and commission involved.

Step 1: Preparation of the Consignment Account

We begin by recognizing the cost of goods consigned and the various expenses incurred during transit.

1. Cost of Goods Consigned (5000 kg @ Rs. 8 each):

   5000×8=Rs.40,0005000 \times 8 = Rs. 40,000

2. Additional Expenses:

   • Carriage = Rs. 50
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