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 is the Journal entry of the Transaction -- The Horse bought on April 20 died , its carcase was sold for rs.50. also tell me what is treatment in P/L A/c and Balance Sheet.
4 Answers ASDC, Financial Services,
Does anyone have any other recent Factset interview questions?? what other types of technical questions do they ask consultants?
Is there any different between Modvat & Cenvat...?
hello friends i like to know journal entry for one loan transaction ie if you purchase a car for EMI with initial payment how to make first entry & monthly entry any thing is there? pls reply to me.
5- Explain the function of ledger?
What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings
what is factoring
1 Answers Capital IQ, Pyroferus,
Tell one entry that should be personal account,real account,nominal account..
WHAT IS THE AUDIT?
You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically
Your marketing company has been working on a consulting project for a client. Your team has worked on the project for two months, and it is now year-end. The project will be completed by February of the next year, and the client has not yet been billed. For the financial statement, how should project be classified?Should the costs associated with an uncompleted consulting project be classified as a work-in-process asset on the balance sheet or should the cost be expensed on the income statement as a part of the doing business?why?
when we use credit card, then what will do entries in tally erp as a accountant and second question that if he do entry then what will thay keep under the ledger of credit card.
1 Answers State Bank of Mysore SBM,