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
- 2 Answers
- 6711 Views
- I also Faced
- E-Mail Answers
Answer Posted / harikaatteli
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 |
Post New Answer View All Answers
Who owns the general ledger?
What is the definition of accounting?
what is the meaning of written-off as goodwill written-off
Tell me about an invoice discrepancy you discovered and how you resolved it
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
Explain me what is general ledger account?
sir i am working in construction company.we have more than one projects.i enter the attendance projectwise in payroll.if payroll autofill i want project wise salaries not overall
Do you know company's payable cycle?
Wha is difference between expenses and expenditure
What is cotangent Account?
How to pass an general entry for materials which are stored in warehouses??????
{in tally}in inventory info what is (stock group, stock categori, stock item,reorder levels) why we has to prepare them?
What are the purposes of maintaining control ledgers?
shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
What is accounting chart of accounts?
