X of Kolkata sends out goods costing 300,000 to Y of Mumbai
at cost + 25%.
Consignor’s expenses Rs 5000. 1/10th of the goods were lost
in transit. Insurance claim
received Rs 3000. The net loss on account of abnormal loss
is
(a) Rs.27,500
(b) Rs.25,500
(c) Rs.30.500
(d) Rs.27,000
Answers were Sorted based on User's Feedback
Goods sent 300000 Lost - 300000*10/100 = 30000 ( Abnormal Loss) For abnormal loss u need to add Consignor's expensess i.e for 30000 which is lost. So 5000/300000*30000 = 500. Total Abnormal loss is 30500 - 3000( Claim) = 27500.00
| Is This Answer Correct ? | 17 Yes | 1 No |
Please explain subcontracting accounting entries in SAP with realtime example and amount.
Cash in hand-5000,Cash at bank-4000, Bill receivable- 3000,Bills payable-5000,Bank loan-6000.Calculate total liability of the firm?
we have paid diwali bonus by chq.. pls let me know how to enter the same in tally and in under which head..Explain pls
what are the similarities between provision and reserve?
what is the meaning of prepaid&accruals in accounting?
WHAT IS THE MEANINF OF BPO?
Tell me what is gaap?
When we purchase Some goods Like ( Machinery's) we want to generate way bill ? Kindly Clarify .... Because recently we are purchased medical Equipment for our hospital use but vendor asking Waybill...Shall i give waybill or not Please let me know..?
could i know how to accounting lease intrest ?
Were i have to enter for agreements in tally and in which ledger it will come
What are the purposes of maintaining control ledgers?
What are the minimum and maximum members allowed in partnership firm