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Goods sent on consignment for `1,00,000. during transit 1/10th of goods were destroyed by fire. again 1/9th of goods received by consignee were destroyed by fire in godown. half of the original goods were sold for `30,000. freight & insurance paid by consignor `2,500 and `1500 respectively. calculate closing stoc?
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Goods sent on consignment for `1,00,000. during transit 1/10th of good...
Charges amounted to `5,000. Calculate the profit or loss incurred by the consignor.

Total value of goods sent on consignment = `1,00,000
Value of goods destroyed in transit = 1/10 * `1,00,000 = `10,000
Value of goods received by consignee = `1,00,000 - `10,000 = `90,000
Value of goods destroyed in godown = 1/9 * `90,000 = `10,000
Value of goods available for sale = `90,000 - `10,000 = `80,000
Value of goods sold = 1/2 * `80,000 = `40,000
Total expenses = `10,000 (goods destroyed in transit) + `10,000 (goods destroyed in godown) + `5,000 (freight charges) = `25,000
Total revenue = `40,000
Profit/Loss = Total revenue - Total expenses = `40,000 - `25,000 = `15,000
Therefore, the consignor incurred a profit of `15,000.
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Goods sent on consignment for `1,00,000. during transit 1/10th of good...
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Goods sent on consignment for `1,00,000. during transit 1/10th of goods were destroyed by fire. again 1/9th of goods received by consignee were destroyed by fire in godown. half of the original goods were sold for `30,000. freight & insurance paid by consignor `2,500 and `1500 respectively. calculate closing stoc?
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Goods sent on consignment for `1,00,000. during transit 1/10th of goods were destroyed by fire. again 1/9th of goods received by consignee were destroyed by fire in godown. half of the original goods were sold for `30,000. freight & insurance paid by consignor `2,500 and `1500 respectively. calculate closing stoc? 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 Goods sent on consignment for `1,00,000. during transit 1/10th of goods were destroyed by fire. again 1/9th of goods received by consignee were destroyed by fire in godown. half of the original goods were sold for `30,000. freight & insurance paid by consignor `2,500 and `1500 respectively. calculate closing stoc? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Goods sent on consignment for `1,00,000. during transit 1/10th of goods were destroyed by fire. again 1/9th of goods received by consignee were destroyed by fire in godown. half of the original goods were sold for `30,000. freight & insurance paid by consignor `2,500 and `1500 respectively. calculate closing stoc?.
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