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
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 ? | 16 Yes | 1 No |
Post New Answer View All Answers
what is tribal area allowance means
Which kind of transactions are not recorded in the books of account?
Why have you applied to our firm?
Knowing what you know now, walk me through what you would do differently to drive even more success?
There is no item category assigned to account
Compare financial accounting and cost accounting.
have you ever been involved in an invoice dispute? How did you manage the problem?
How to get C forms in online? Plz give me Processor Thanq
what is the accounting treatment in tally of free goods received with goods purchased.
Tell me what is the equation for acid-test ratio in accounting?
What is account payee cheque? Expand ctc cheque?
What are the disadvantages of manual accounting?
Is financial accounting necessary?
Tell me what do you think is bank reconciliation statement?
pls let me know double entry of 'LEASING"