Question: 5 Mark 11. (a) Explain the term Account sales. Or (b) Balan consigned 100 packets of cosmetics each costing Rs.300 to his agent at mumbai.

5 Mark 11. (a) Explain the term "Account sales". Or (b)

5 Mark

11. (a) Explain the term "Account sales". Or (b) Balan consigned 100 packets of cosmetics each costing Rs.300 to his agent at mumbai. He paid Rs.500 towards freight and insurance. 15 packets were destroyed by five on the way. Consignee took delivery of the remaining and spend Rs.700 as godown rent, Rs.1000 as import duty and Rs.300 as carriage outwards. Calculate the value of abnormal loss

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