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X sends out 200 boxes to Y costing rs 100 each consignors expenses rs 4000. Consignee's non recurring expenses rs 900. 1/10th of the boxes were lost in transit . 2/3rd of the boxes received by consignee were sold for rs 20000. the amount of consignment stock will be?
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X sends out 200 boxes to Y costing rs 100 each consignors expenses rs ...
Calculation of Consignment Stock
Explanation: The calculation of consignment stock involves determining the cost of boxes sent out, consignor expenses, consignee's non-recurring expenses, and the number of boxes lost in transit. We also need to determine the number of boxes received by the consignee and the amount received by the consignee from the sale of 2/3rd of the boxes. The cost of boxes sold by the consignee is also calculated. The consignee's profit is determined by subtracting the cost of boxes sold by the consignee from the amount received by the consignee from the sale of 2/3rd of the boxes. Finally, the cost of unsold boxes is determined by calculating the cost of 1/3rd of the boxes received by the consignee and adding the consignee's non-recurring expenses. The consignee's stock is then calculated by adding the cost of unsold boxes to the consignee's profit.
- Total cost of boxes sent out = 200 x 100 = 20,000
- Consignor expenses = 4,000
- Consignee's non-recurring expenses = 900
- Number of boxes lost in transit = 1/10 x 200 = 20
- Number of boxes received by consignee = 200 - 20 = 180
- Amount received by consignee from sale of 2/3rd of boxes = 2/3 x 180 x 200 = 24,000
- Cost of boxes sold by consignee = 2/3 x 180 x 100 = 12,000
- Consignee's profit = 24,000 - 12,000 = 12,000
- Consignee's stock = Cost of unsold boxes + Consignee's profit
- Cost of unsold boxes = (1/3 x 180 x 100) + 900 = 7,500
- Consignee's stock = 7,500 + 12,000 = 19,500
Explanation: The calculation of consignment stock involves determining the cost of boxes sent out, consignor expenses, consignee's non-recurring expenses, and the number of boxes lost in transit. We also need to determine the number of boxes received by the consignee and the amount received by the consignee from the sale of 2/3rd of the boxes. The cost of boxes sold by the consignee is also calculated. The consignee's profit is determined by subtracting the cost of boxes sold by the consignee from the amount received by the consignee from the sale of 2/3rd of the boxes. Finally, the cost of unsold boxes is determined by calculating the cost of 1/3rd of the boxes received by the consignee and adding the consignee's non-recurring expenses. The consignee's stock is then calculated by adding the cost of unsold boxes to the consignee's profit.
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X sends out 200 boxes to Y costing rs 100 each consignors expenses rs ...
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X sends out 200 boxes to Y costing rs 100 each consignors expenses rs 4000. Consignee's non recurring expenses rs 900. 1/10th of the boxes were lost in transit . 2/3rd of the boxes received by consignee were sold for rs 20000. the amount of consignment stock will be?
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X sends out 200 boxes to Y costing rs 100 each consignors expenses rs 4000. Consignee's non recurring expenses rs 900. 1/10th of the boxes were lost in transit . 2/3rd of the boxes received by consignee were sold for rs 20000. the amount of consignment stock will be? 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 X sends out 200 boxes to Y costing rs 100 each consignors expenses rs 4000. Consignee's non recurring expenses rs 900. 1/10th of the boxes were lost in transit . 2/3rd of the boxes received by consignee were sold for rs 20000. the amount of consignment stock will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X sends out 200 boxes to Y costing rs 100 each consignors expenses rs 4000. Consignee's non recurring expenses rs 900. 1/10th of the boxes were lost in transit . 2/3rd of the boxes received by consignee were sold for rs 20000. the amount of consignment stock will be?.
X sends out 200 boxes to Y costing rs 100 each consignors expenses rs 4000. Consignee's non recurring expenses rs 900. 1/10th of the boxes were lost in transit . 2/3rd of the boxes received by consignee were sold for rs 20000. the amount of consignment stock will be? 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 X sends out 200 boxes to Y costing rs 100 each consignors expenses rs 4000. Consignee's non recurring expenses rs 900. 1/10th of the boxes were lost in transit . 2/3rd of the boxes received by consignee were sold for rs 20000. the amount of consignment stock will be? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X sends out 200 boxes to Y costing rs 100 each consignors expenses rs 4000. Consignee's non recurring expenses rs 900. 1/10th of the boxes were lost in transit . 2/3rd of the boxes received by consignee were sold for rs 20000. the amount of consignment stock will be?.
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X sends out 200 boxes to Y costing rs 100 each consignors expenses rs 4000. Consignee's non recurring expenses rs 900. 1/10th of the boxes were lost in transit . 2/3rd of the boxes received by consignee were sold for rs 20000. the amount of consignment stock will be?, a detailed solution for X sends out 200 boxes to Y costing rs 100 each consignors expenses rs 4000. Consignee's non recurring expenses rs 900. 1/10th of the boxes were lost in transit . 2/3rd of the boxes received by consignee were sold for rs 20000. the amount of consignment stock will be? has been provided alongside types of X sends out 200 boxes to Y costing rs 100 each consignors expenses rs 4000. Consignee's non recurring expenses rs 900. 1/10th of the boxes were lost in transit . 2/3rd of the boxes received by consignee were sold for rs 20000. the amount of consignment stock will be? theory, EduRev gives you an
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