CA Foundation Exam  >  CA Foundation Questions  >  Goods sent on consignment for `1,00,000. duri... Start Learning for Free
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?
Most Upvoted Answer
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.
Community Answer
Goods sent on consignment for `1,00,000. during transit 1/10th of good...
What is answer 
Explore Courses for CA Foundation exam
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?
Question Description
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?.
Solutions 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? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of 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?, a detailed solution 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? has been provided alongside types of 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? theory, EduRev gives you an ample number of questions to practice 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? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev