From the following details calculate abnormal profit/loss on the stock lost in transit Goods sent on...
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From the following details calculate abnormal profit/loss on the stock lost in transit Goods sent on consignment (100) = Rs. 90,000 Goods lost in transit (2) = Insurance claim received for goods lost in transit Rs. 2, 521. Goods sold by the consignee (80) Rs. 108,000 Consignor expenses Rs. 6,020 Consignee expenses Rs. 9, 500 which includes Rs. 5, 400 sales commission and Rs. 2,000 godown rent. From the following details calculate abnormal profit/loss on the stock lost in transit Goods sent on consignment (100) = Rs. 90,000 Goods lost in transit (2) = Insurance claim received for goods lost in transit Rs. 2, 521. Goods sold by the consignee (80) Rs. 108,000 Consignor expenses Rs. 6,020 Consignee expenses Rs. 9, 500 which includes Rs. 5, 400 sales commission and Rs. 2,000 godown rent.
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Loss on stock lost in transit 2100 x Rs 90 000 Rs 1 800 Abnormal p... View the full answer
Related Book For
Statistics Unlocking the Power of Data
ISBN: 978-1118583104
1st edition
Authors: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock
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