X consigned 500 boxes Cherry Costing Rs. 500 per box to Y. He incurred Rs. 5,500...
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X consigned 500 boxes Cherry Costing Rs. 500 per box to Y. He incurred Rs. 5,500 towards transportation and insurance. Y paid Rs. 1,000 as transportation from port to his godown, Rs. 300 godown insurance Rs. 200 godown rent and Rs. 1,000 as salesman's commission. Due to weather conditions 50 boxes were totally spoiled in transit which is considered a normal loss. Find the value of closing stock if y sold 400 boxes @ Rs. 600 per box. X consigned 500 boxes Cherry Costing Rs. 500 per box to Y. He incurred Rs. 5,500 towards transportation and insurance. Y paid Rs. 1,000 as transportation from port to his godown, Rs. 300 godown insurance Rs. 200 godown rent and Rs. 1,000 as salesman's commission. Due to weather conditions 50 boxes were totally spoiled in transit which is considered a normal loss. Find the value of closing stock if y sold 400 boxes @ Rs. 600 per box.
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Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
Posted Date:
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