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On 1jan 2018 b of Mumbai consigned 100 case (cost price 7500)at a proforma invoice of 25%profit on sale to his agent C of Chandigarh . on the same date b paid 600 as expenses.on 30th January ,c took delivery and paid 1200 for octroi and other duties and remitted 4000 as an advance?
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On 1jan 2018 b of Mumbai consigned 100 case (cost price 7500)at a prof...
Title: Calculation of Profit and Expenses in a Consignment Transaction

Heading 1: Introduction
- B of Mumbai consigned 100 cases to his agent C of Chandigarh
- Cost price of 100 cases: 7500
- Proforma invoice: 25% profit on sale
- B paid 600 as expenses

Heading 2: Calculation of Selling Price and Profit
- Selling price = Cost price + Profit
- Profit = 25% of Cost price = 25/100 * 7500 = 1875
- Selling price = 7500 + 1875 = 9375 per case
- Selling price for 100 cases = 9375 * 100 = 937500

Heading 3: Calculation of Expenses
- B paid 600 as expenses
- C paid 1200 for octroi and other duties
- Total expenses = 600 + 1200 = 1800

Heading 4: Calculation of Advance Payment and Final Payment
- C remitted 4000 as an advance
- Final payment = Selling price - Advance payment - Expenses
- Final payment = 937500 - 4000 - 1800 = 933700

Heading 5: Conclusion
- B of Mumbai consigned 100 cases to his agent C of Chandigarh with a cost price of 7500 per case
- Proforma invoice was prepared with 25% profit on sale
- B paid 600 as expenses
- C paid 1200 for octroi and other duties
- C remitted 4000 as an advance
- Final payment to B was 933700
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On 1jan 2018 b of Mumbai consigned 100 case (cost price 7500)at a prof...
On 1st April 2012, Sunil of Pane consigned 100 cases (cest price 7500) at a proforma invoice price of 25% profit on sale to his agent Anil of Kagal. On the same date, Sunil paid non-recurring expenses of 600 On 10th April, Anil took delivery and paid t 1200 for octroi and other duties and remitted 4000 as an advance against the consignment. On 30th April he sold 80 cases for 10500. Anil is entitled to 5% commission on gross sales and 10% on the sale price in excen of invoice price. Show ledger accounts in the books of both parties. Anil is required to maintain proportionate security with the consignor for the unsold stock.
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On 1jan 2018 b of Mumbai consigned 100 case (cost price 7500)at a proforma invoice of 25%profit on sale to his agent C of Chandigarh . on the same date b paid 600 as expenses.on 30th January ,c took delivery and paid 1200 for octroi and other duties and remitted 4000 as an advance?
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On 1jan 2018 b of Mumbai consigned 100 case (cost price 7500)at a proforma invoice of 25%profit on sale to his agent C of Chandigarh . on the same date b paid 600 as expenses.on 30th January ,c took delivery and paid 1200 for octroi and other duties and remitted 4000 as an advance? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about On 1jan 2018 b of Mumbai consigned 100 case (cost price 7500)at a proforma invoice of 25%profit on sale to his agent C of Chandigarh . on the same date b paid 600 as expenses.on 30th January ,c took delivery and paid 1200 for octroi and other duties and remitted 4000 as an advance? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 1jan 2018 b of Mumbai consigned 100 case (cost price 7500)at a proforma invoice of 25%profit on sale to his agent C of Chandigarh . on the same date b paid 600 as expenses.on 30th January ,c took delivery and paid 1200 for octroi and other duties and remitted 4000 as an advance?.
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