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Find out the value of closing stock of consignment from the following information. Chemical sent on consignment 2000 liters Expenses paid by consignor rs 10000 Freight paid by consignee 4000 rs Chemical destroyed in godown 400 liters Amount paid by insurance company 90000 rs Loss due to natural cause 50liters Chemical sold by consignee 1350 liters?
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Find out the value of closing stock of consignment from the following ...
**Calculation of Closing Stock of Consignment**

To determine the value of the closing stock of consignment, we need to consider the following information:

1. **Chemical sent on consignment**: 2000 liters
2. **Expenses paid by consignor**: Rs 10,000
3. **Freight paid by consignee**: Rs 4,000
4. **Chemical destroyed in the godown**: 400 liters
5. **Amount paid by insurance company**: Rs 90,000
6. **Loss due to natural cause**: 50 liters
7. **Chemical sold by consignee**: 1350 liters

**Step 1: Calculate the total stock sent on consignment.**

Total stock sent on consignment = Chemical sent on consignment - Chemical sold by consignee

Total stock sent on consignment = 2000 liters - 1350 liters = 650 liters

**Step 2: Calculate the value of the lost stock.**

Value of the lost stock = (Total stock sent on consignment / Chemical sent on consignment) * (Loss due to natural cause + Chemical destroyed in the godown)

Value of the lost stock = (650 liters / 2000 liters) * (50 liters + 400 liters) = (0.325) * (450 liters) = 146.25 liters

**Step 3: Calculate the value of the stock remaining.**

Value of the stock remaining = (Total stock sent on consignment / Chemical sent on consignment) * (Chemical sent on consignment - Loss due to natural cause - Chemical destroyed in the godown)

Value of the stock remaining = (650 liters / 2000 liters) * (2000 liters - 50 liters - 400 liters) = (0.325) * (1550 liters) = 503.75 liters

**Step 4: Calculate the value of the closing stock.**

Value of the closing stock = Value of the stock remaining - Value of the lost stock

Value of the closing stock = 503.75 liters - 146.25 liters = 357.5 liters

Therefore, the value of the closing stock of consignment is 357.5 liters.
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Find out the value of closing stock of consignment from the following information. Chemical sent on consignment 2000 liters Expenses paid by consignor rs 10000 Freight paid by consignee 4000 rs Chemical destroyed in godown 400 liters Amount paid by insurance company 90000 rs Loss due to natural cause 50liters Chemical sold by consignee 1350 liters?
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Find out the value of closing stock of consignment from the following information. Chemical sent on consignment 2000 liters Expenses paid by consignor rs 10000 Freight paid by consignee 4000 rs Chemical destroyed in godown 400 liters Amount paid by insurance company 90000 rs Loss due to natural cause 50liters Chemical sold by consignee 1350 liters? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Find out the value of closing stock of consignment from the following information. Chemical sent on consignment 2000 liters Expenses paid by consignor rs 10000 Freight paid by consignee 4000 rs Chemical destroyed in godown 400 liters Amount paid by insurance company 90000 rs Loss due to natural cause 50liters Chemical sold by consignee 1350 liters? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find out the value of closing stock of consignment from the following information. Chemical sent on consignment 2000 liters Expenses paid by consignor rs 10000 Freight paid by consignee 4000 rs Chemical destroyed in godown 400 liters Amount paid by insurance company 90000 rs Loss due to natural cause 50liters Chemical sold by consignee 1350 liters?.
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