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


Please Help Members By Posting Answers For Below Questions

what is tribal area allowance means

2715


Which kind of transactions are not recorded in the books of account?

1430


Why have you applied to our firm?

628


Knowing what you know now, walk me through what you would do differently to drive even more success?

614


There is no item category assigned to account

1689






Compare financial accounting and cost accounting.

668


have you ever been involved in an invoice dispute? How did you manage the problem?

696


How to get C forms in online? Plz give me Processor Thanq

2863


what is the accounting treatment in tally of free goods received with goods purchased.

6643


Tell me what is the equation for acid-test ratio in accounting?

542


What is account payee cheque? Expand ctc cheque?

725


What are the disadvantages of manual accounting?

635


Is financial accounting necessary?

638


Tell me what do you think is bank reconciliation statement?

649


pls let me know double entry of 'LEASING"

1654