I am really confused about calculating remittance, also, i wanted to know if the model papers given by the icai are the likely questions to come in the actual exams! (similar difficulty?)
My question is:
Ref Page 7.27 Problem number 26.
C of bangalore consigned goods costing Rs. 3000 to his agent at delhi. Freight and insurance paid by consignor Rs 100. C'nee's expenses 200. 4/5th of the goods were sold for Rs 3000. Commission 2% on sales. C'nee wants to settle the balance with the help of a bank draft. calculate the draft amount!
Thank you :)
CAclubindia
