Q 15 from module in consignment:
Consignment [Quantity 500] value at IP 250000 , at cost 200000 . Consignor's expenses 4000 consignee's non selling expenses 1000 selling expenses 2000 stock quantity 100
Value of consignment stock :ANS Rs 51000 as per the module.
Query: Non selling expenses has been included for arriving at the answer , however in common paralance non selling expenses includes administration expenses . For valuation of consignment stock only expenses until the goods reach the godown of the consignee are to be included , in this instance how can non selling expenses be included.
EXPERT OPINION REQD
CAclubindia
