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Rahim of Kolkata sends out 1,000 boxes to Ram of Delhi costing Rs. 100 each at an Invoice Price of Rs. 120 each. Goods send out on consignment to be credited in general trading account will be:
- a)Rs.1,00,000
- b)Rs.1,20,000
- c)Rs. 20,000
- d)None of the above
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Rahim of Kolkata sends out 1,000 boxes to Ram of Delhi costing Rs. 100...
To understand the answer to this question, let's break down the given information and calculate the total value of goods sent out on consignment.
Given information:
- Rahim of Kolkata sends out 1,000 boxes to Ram of Delhi.
- The cost of each box is Rs. 100.
- The invoice price of each box is Rs. 120.
Calculating the total value of goods sent out on consignment:
Total cost of goods sent out = Number of boxes * Cost per box
Total cost of goods sent out = 1,000 boxes * Rs. 100 per box
Total cost of goods sent out = Rs. 1,00,000
Total invoice price of goods sent out = Number of boxes * Invoice price per box
Total invoice price of goods sent out = 1,000 boxes * Rs. 120 per box
Total invoice price of goods sent out = Rs. 1,20,000
Therefore, the correct answer is option 'A' - Rs. 1,00,000.
Given information:
- Rahim of Kolkata sends out 1,000 boxes to Ram of Delhi.
- The cost of each box is Rs. 100.
- The invoice price of each box is Rs. 120.
Calculating the total value of goods sent out on consignment:
Total cost of goods sent out = Number of boxes * Cost per box
Total cost of goods sent out = 1,000 boxes * Rs. 100 per box
Total cost of goods sent out = Rs. 1,00,000
Total invoice price of goods sent out = Number of boxes * Invoice price per box
Total invoice price of goods sent out = 1,000 boxes * Rs. 120 per box
Total invoice price of goods sent out = Rs. 1,20,000
Therefore, the correct answer is option 'A' - Rs. 1,00,000.
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Community Answer
Rahim of Kolkata sends out 1,000 boxes to Ram of Delhi costing Rs. 100...
1,000 × 100 = 1,00,000.
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Rahim of Kolkata sends out 1,000 boxes to Ram of Delhi costing Rs. 100 each at an Invoice Price of Rs. 120 each. Goods send out on consignment to be credited in general trading account will be:a)Rs.1,00,000b)Rs.1,20,000c)Rs. 20,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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Rahim of Kolkata sends out 1,000 boxes to Ram of Delhi costing Rs. 100 each at an Invoice Price of Rs. 120 each. Goods send out on consignment to be credited in general trading account will be:a)Rs.1,00,000b)Rs.1,20,000c)Rs. 20,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Rahim of Kolkata sends out 1,000 boxes to Ram of Delhi costing Rs. 100 each at an Invoice Price of Rs. 120 each. Goods send out on consignment to be credited in general trading account will be:a)Rs.1,00,000b)Rs.1,20,000c)Rs. 20,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rahim of Kolkata sends out 1,000 boxes to Ram of Delhi costing Rs. 100 each at an Invoice Price of Rs. 120 each. Goods send out on consignment to be credited in general trading account will be:a)Rs.1,00,000b)Rs.1,20,000c)Rs. 20,000d)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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