Punit sends out certain good to unnati of mumbai at cost 25% . 1/2 of thr goods received by unnati is sold at rs 176000 at10% above invoice price. Inboice value of goods send out is?

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Punit sends out certain good to unnati of mumbai at cost 25% . 1/2 of thr goods received by unnati is sold at rs 176000 at10% above invoice price. Inboice value of goods send out is?

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4. On January 1, 2018 the Consignment to Ceylon A/c in the books of Unique Clock Makers showed a debit balance of Rs. 3,750. This is represented by the invoice value of 50 clocks which is 25% above cost. On January 7, they sent another consignment of 2,500 clocks at the invoice price of Rs. 75 each which was 25% above cost. They paid Rs. 1,000 for packing, Rs. 500 for insurance and Rs. 3,000 for carriage and freight. Rama watch Co. the Consignee, received the clocks on January 21 and paid Rs. 3,000 for custom duty, clearing, etc. They also sent a bank draft for 50% of the invoice price of the goods received. On June 15, they returned 50 clocks which were found defective. By December 31, 2018 they sold the opening stock of 50 clocks at Rs. 85 each on credit and 2,400 clocks of the new Consignment at Rs. 90 each. Their expenses were: advertising Rs. 2,000, salaries Rs. 2,000, and service charges Rs. 250. The Consignee is entitled to a commission of 8% on sales. The Consignee could not recover Rs. 250 on account of credit sales. Show the necessary ledger accounts in the books of both the parties. (Answer: Profit Rs. 43,780; Value of closing stock Rs. 3,900; Amount due from Consignees Rs. 1,01,630)?

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3. Modi Textiles, Delhi consigned to Vinod Enterprises, Calcutta 100 cotton bales. The invoice price of each bale was Rs. 1,500 which includes 20% profit on invoice price. The Consignor paid Rs. 2,500 for insurance and Rs. 4,000 for carriage and freight. The Consignee received cotton bales and sold 75 bales for cash and realised Rs. 1,12,500. He incurred Rs. 1,800 on godown rent and was allowed 10% conmission on sales. 5 cotton bales were spoiled in godôwn and they are to be valued at 50% depreciation. Show Consignment Account in the books of Modi Textiles. Note : These write Unive Hint: The damaged goods are also to be included in stock and they will be valued at 50% of the invoice price and the proportionate expenses. (Answers: Profit Rs. 1,412, Value of stock Rs. 35,212 (including Rs. 3,912 for damaged goods); Amount due from the Consignee Rs. 99,450)?

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From the following data, compute Gross Profit of the Branch :Goods received from the H.O. at invoice priceRs. 60,000Returns to H.O. at invoice priceRs. 1,200Branch stock on 1-4-97 at invoice priceRs. 6,000Branch stock at invoice price on 31-3-98Rs. 12,000Surplus Stock (found in Branch stock A/ c)Rs. 2,400Goods are invoiced to branch at cost plus 25%[?

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Goods are invoiced to a newly opened by the H.O at Rs.19200 so as to give 25% profit on cost. From the following particulars, prepare branch a/c and find the profit earned by the branch. credit sales by branch 18,460. cash received from debtors 12,860. expenses paidby H.O 2,000. cash sales by the branch 5,000. stock at end(invoice pric e) 4,000?

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When Head office at Mumbai sent goods to their branch at Jammu at Cost plus 50% as invoice price ,Goods Costing Rs.8,78,000 sent to Jammu branch by Mumbai H.O, Opening stock at Jammu branch was Rs.1,20,000 at Selling price and Closing stock was Rs.1,47,000 Selling price ,Branch returned goods worth Rs.57,000 @ Selling price to Head office find out Gross profit under Stock and Debtors method?

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Punit sends out certain good to unnati of mumbai at cost 25% . 1/2 of thr goods received by unnati is sold at rs 176000 at10% above invoice price. Inboice value of goods send out is?

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Punit sends out certain good to unnati of mumbai at cost 25% . 1/2 of thr goods received by unnati is sold at rs 176000 at10% above invoice price. Inboice value of goods send out is? 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 Punit sends out certain good to unnati of mumbai at cost 25% . 1/2 of thr goods received by unnati is sold at rs 176000 at10% above invoice price. Inboice value of goods send out is? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Punit sends out certain good to unnati of mumbai at cost 25% . 1/2 of thr goods received by unnati is sold at rs 176000 at10% above invoice price. Inboice value of goods send out is?.

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