X consigned 100 packets of cosmetics each costing Rs. 300 to his agent at Mumbai. He paid

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X 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 on the

way. Consignee took delivery of the remaining packets and spent Rs. 700 as godown

rent, Rs. 1,000 as clearing charges and Rs. 300 as carriage outward. You are required

to calculate the cost of damage and cost of stock at the end if the agent sells away

70 packets.

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Financial Accounting For Managers

ISBN: 9789352868339

3rd Edition

Authors: Sanjay Dhamija

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Posted Date: Mar 20, 2024 01:55 AM

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X consigned 100 packets of cosmetics each costing Rs. 300 to his agent at Mumbai. He paid

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To calculate the cost of damage and the cost of stock at the end of the agent selling 70 packets we ... View the full answer

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