Accountancy Related Problem
Sohan and Mohan supplies goods to the value of Rs. 50,000 and incurs expenses amounting to Rs 5,400. Mohan supplies goods to the value of Rs. 14,000 and his expenses amount to Rs. 800. Mohan sales goods on behalf of the joint venture and realise Rs. 92,000. Mohan is entitled to a commission @ 5% on sales. Mohan settles his account by bank draft.
Give journal entries and necessary accounts in the books of Sohan.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.