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 |
what are the main important accounting entries for AP and AR ...
Can you differentiate accounting and auditing?
what is the head for stock trnasfer
I want to know the Payroll Accounting Questions
rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.
what is Cost of Goods Sold give example?
salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry
how to make dd payment entry of insurance of rs 34755 dd made by cash
Diff between Income & Expenditure A/c AND P/L a/c.
What are mis reports and how do you prepare it?
What is computerized accounting?
Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax