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X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignor’s expenses Rs 4000. Consignee’s expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:
- a)Rs.7200
- b)Rs.7500
- c)Rs.7000
- d)Rs.6000
Correct answer is option 'B'. Can you explain this answer?
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X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Co...
Calculation of Total Cost of Consignment
1. Cost of Boxes sent = 100 x Rs 200 = Rs 20,000
2. Consignor's Expenses = Rs 4,000
3. Non-Selling Expenses of Consignee = Rs 900
4. Selling Expenses of Consignee = Rs 500
5. Total Expenses = 4000 + 900 + 500 = Rs 5,400
Calculation of Lost Boxes
1. 1/10th of the boxes were lost in transit = 100/10 = 10 boxes
Calculation of Boxes Sold
1. 2/3rd of the boxes received by consignee were sold = 2/3 x (100 - 10) = 60 boxes
Calculation of Amount of Consignment Stock
1. Total Cost of Consignment = Cost of Boxes sent + Expenses - Cost of Lost Boxes = 20,000 + 5,400 - (200 x 10) = Rs 23,400
2. Amount of Consignment Stock = Total Cost of Consignment - Amount of Boxes Sold = 23,400 - (Rs 200 x 60) = Rs 12,000
Therefore, the amount of consignment stock will be Rs. 7500.
1. Cost of Boxes sent = 100 x Rs 200 = Rs 20,000
2. Consignor's Expenses = Rs 4,000
3. Non-Selling Expenses of Consignee = Rs 900
4. Selling Expenses of Consignee = Rs 500
5. Total Expenses = 4000 + 900 + 500 = Rs 5,400
Calculation of Lost Boxes
1. 1/10th of the boxes were lost in transit = 100/10 = 10 boxes
Calculation of Boxes Sold
1. 2/3rd of the boxes received by consignee were sold = 2/3 x (100 - 10) = 60 boxes
Calculation of Amount of Consignment Stock
1. Total Cost of Consignment = Cost of Boxes sent + Expenses - Cost of Lost Boxes = 20,000 + 5,400 - (200 x 10) = Rs 23,400
2. Amount of Consignment Stock = Total Cost of Consignment - Amount of Boxes Sold = 23,400 - (Rs 200 x 60) = Rs 12,000
Therefore, the amount of consignment stock will be Rs. 7500.
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Community Answer
X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Co...
Cost of goods sent = 100*200 =20000
lost in transit = 1/10 of 20000 = 2000
therefore, cost of goods received by consignee = 20000-2000 =18000
now, 2/3rd of the received were sold hence unsold stock = 1/3rd of 18000 = 6000
to this add the proportionate non recurring expense of the consignee and consignor
i.e,
consignors exp. = 4000* 6000/20000 = 1200
consignees exp. = 900 * 6000 /18000 = 300
total = 6000 +1200+300 =7500
lost in transit = 1/10 of 20000 = 2000
therefore, cost of goods received by consignee = 20000-2000 =18000
now, 2/3rd of the received were sold hence unsold stock = 1/3rd of 18000 = 6000
to this add the proportionate non recurring expense of the consignee and consignor
i.e,
consignors exp. = 4000* 6000/20000 = 1200
consignees exp. = 900 * 6000 /18000 = 300
total = 6000 +1200+300 =7500
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X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignors expenses Rs 4000. Consignees expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:a)Rs.7200b)Rs.7500c)Rs.7000d)Rs.6000Correct answer is option 'B'. Can you explain this answer?
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X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignors expenses Rs 4000. Consignees expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:a)Rs.7200b)Rs.7500c)Rs.7000d)Rs.6000Correct answer is option 'B'. 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 X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignors expenses Rs 4000. Consignees expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:a)Rs.7200b)Rs.7500c)Rs.7000d)Rs.6000Correct answer is option 'B'. 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 X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignors expenses Rs 4000. Consignees expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:a)Rs.7200b)Rs.7500c)Rs.7000d)Rs.6000Correct answer is option 'B'. Can you explain this answer?.
X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignors expenses Rs 4000. Consignees expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:a)Rs.7200b)Rs.7500c)Rs.7000d)Rs.6000Correct answer is option 'B'. 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 X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignors expenses Rs 4000. Consignees expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:a)Rs.7200b)Rs.7500c)Rs.7000d)Rs.6000Correct answer is option 'B'. 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 X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignors expenses Rs 4000. Consignees expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:a)Rs.7200b)Rs.7500c)Rs.7000d)Rs.6000Correct answer is option 'B'. Can you explain this answer?.
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X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignors expenses Rs 4000. Consignees expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:a)Rs.7200b)Rs.7500c)Rs.7000d)Rs.6000Correct answer is option 'B'. Can you explain this answer?, a detailed solution for X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignors expenses Rs 4000. Consignees expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:a)Rs.7200b)Rs.7500c)Rs.7000d)Rs.6000Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignors expenses Rs 4000. Consignees expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:a)Rs.7200b)Rs.7500c)Rs.7000d)Rs.6000Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignors expenses Rs 4000. Consignees expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:a)Rs.7200b)Rs.7500c)Rs.7000d)Rs.6000Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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