Question
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
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.
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.
Step by Step Solution
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Step: 1
To solve this problem we need to calculate the cost of the damage and the cost of the stock at the end considering the various expenses and losses 1 C...
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Financial Accounting For Managers
Authors: Sanjay Dhamija
3rd Edition
978-9352868339
