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Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:
- a)Rs. 12,500
- b)Rs. 3,000
- c)Rs. 14,500
- d)Rs. 13,500
Correct answer is option 'B'. Can you explain this answer?
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Anuj bought goods of the value of Rs. 10,000 and consigned them to Bit...
Calculation of Bittu's Commission:
- The goods were sold for Rs. 15,000.
- Bittu's commission is Rs. 500.
- Therefore, the total amount to be paid to Bittu is Rs. 15,000 + Rs. 500 = Rs. 15,500.
Calculation of Anuj's Share of Profit:
- Anuj's share of profit will be calculated after deducting Bittu's commission from the total amount received.
- Anuj's share is 50% of the profit.
- Therefore, Anuj's share of profit is (Rs. 15,500 - Rs. 500) / 2 = Rs. 7,500.
Calculation of Amount to be Remitted by Bittu to Anuj:
- The bill drawn by Anuj on Bittu is for Rs. 10,000.
- The bill was discounted at Rs. 9,500.
- Therefore, the amount to be remitted by Bittu to Anuj is Rs. 10,000 - Rs. 9,500 = Rs. 500.
Adding the Share of Profit and the Amount Remitted:
- The share of profit for Anuj is Rs. 7,500.
- The amount remitted by Bittu to Anuj is Rs. 500.
- Therefore, the total amount to be remitted by Bittu to Anuj is Rs. 7,500 + Rs. 500 = Rs. 8,000.
Conclusion:
- The amount to be remitted by Bittu to Anuj is Rs. 8,000.
- Therefore, option 'B' (Rs. 3,000) is incorrect.
- The correct answer is option 'B' (Rs. 8,000).
- The goods were sold for Rs. 15,000.
- Bittu's commission is Rs. 500.
- Therefore, the total amount to be paid to Bittu is Rs. 15,000 + Rs. 500 = Rs. 15,500.
Calculation of Anuj's Share of Profit:
- Anuj's share of profit will be calculated after deducting Bittu's commission from the total amount received.
- Anuj's share is 50% of the profit.
- Therefore, Anuj's share of profit is (Rs. 15,500 - Rs. 500) / 2 = Rs. 7,500.
Calculation of Amount to be Remitted by Bittu to Anuj:
- The bill drawn by Anuj on Bittu is for Rs. 10,000.
- The bill was discounted at Rs. 9,500.
- Therefore, the amount to be remitted by Bittu to Anuj is Rs. 10,000 - Rs. 9,500 = Rs. 500.
Adding the Share of Profit and the Amount Remitted:
- The share of profit for Anuj is Rs. 7,500.
- The amount remitted by Bittu to Anuj is Rs. 500.
- Therefore, the total amount to be remitted by Bittu to Anuj is Rs. 7,500 + Rs. 500 = Rs. 8,000.
Conclusion:
- The amount to be remitted by Bittu to Anuj is Rs. 8,000.
- Therefore, option 'B' (Rs. 3,000) is incorrect.
- The correct answer is option 'B' (Rs. 8,000).
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Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:a)Rs. 12,500b)Rs. 3,000c)Rs. 14,500d)Rs. 13,500Correct answer is option 'B'. Can you explain this answer?
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Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:a)Rs. 12,500b)Rs. 3,000c)Rs. 14,500d)Rs. 13,500Correct answer is option 'B'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:a)Rs. 12,500b)Rs. 3,000c)Rs. 14,500d)Rs. 13,500Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:a)Rs. 12,500b)Rs. 3,000c)Rs. 14,500d)Rs. 13,500Correct answer is option 'B'. Can you explain this answer?.
Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:a)Rs. 12,500b)Rs. 3,000c)Rs. 14,500d)Rs. 13,500Correct answer is option 'B'. Can you explain this answer? for CA CPT 2024 is part of CA CPT preparation. The Question and answers have been prepared according to the CA CPT exam syllabus. Information about Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:a)Rs. 12,500b)Rs. 3,000c)Rs. 14,500d)Rs. 13,500Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA CPT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:a)Rs. 12,500b)Rs. 3,000c)Rs. 14,500d)Rs. 13,500Correct answer is option 'B'. Can you explain this answer?.
Solutions for Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:a)Rs. 12,500b)Rs. 3,000c)Rs. 14,500d)Rs. 13,500Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA CPT.
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Here you can find the meaning of Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:a)Rs. 12,500b)Rs. 3,000c)Rs. 14,500d)Rs. 13,500Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:a)Rs. 12,500b)Rs. 3,000c)Rs. 14,500d)Rs. 13,500Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:a)Rs. 12,500b)Rs. 3,000c)Rs. 14,500d)Rs. 13,500Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:a)Rs. 12,500b)Rs. 3,000c)Rs. 14,500d)Rs. 13,500Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Anuj bought goods of the value of Rs. 10,000 and consigned them to Bittu to be sold by them on a joint venture, profits being divided equally. Anuj paid Rs. 1,000 for freight and insurance. Anuj draws a bill on Bittu for Rs. 10,000. Anuj got it discounted at Rs. 9,500.Bittu sold the goods for Rs. 15,000. Commission payable to Bittu Rs. 500. The amount to be remitted by Bittu to Anuj will be:a)Rs. 12,500b)Rs. 3,000c)Rs. 14,500d)Rs. 13,500Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CA CPT tests.
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