consignment problems...

CPT 9593 views 11 replies

Anjana

ipcc

46 Points Joined June 2011

X of Kolkata sends out 2000 boxes to Y of Delhi costing Rs 100 each.Consignor's exps Rs 5000.1/10th of the boxes were lost in consignee's godown and treated as normal loss.1200 boxes were sold by consignee.The vaue of consignment stock will be:

68333 61500 60000 60250

X of Kolkata sends out 100 boxes to Y of Delhi costing Rs200 each.Consignors exps Rs 4000.Consignee's exps non-selling Rs 900 and selling 500.1/10th of the boxes were lost in transit.2/3rd of the boxes received by the consignee were sold.The amt of stock will be

7200 7500 7000 6000

X of Kolkata sends out goods costing Rs 1,00,000 to Y of Mumbai at cost +25%.Consignor's exps Rs 2000.3/5th of the goods were sold by the consignee at 85000.Commision 2% on sales+20% on gross sales less all com exceeds invoice value.Amt of com will be

3083 3000 2500 2000

Plzzzzzzzz do solve this...thanks in advance...

Replies (11)

umesh yadav

IPCC

96 Points Joined December 2010

1) 2000 x 100 Rs = 2,00,000

+ conz exp + 5,000 = 2,05,000

2000 x 1/10 (1800) = 2,05,000 / 2000 x 200 =20500 - 2,05,000 = 1,84,500

1800 - 1200 (sold) = 600 ...

1,84,500/ 1800 x 600 = 61,500

umesh yadav

IPCC

96 Points Joined December 2010

2) add non selling exp ..

100 box x 200 rs = 20,000 + 4000 conz exp =24,000

100 x 10 % = 10 (100x1/10) 24,000 - 10% = 24,000 - 2400 = 21,600 + non sell exp 900 = 25,500

90 x 2/3 = 60 .. ( 90-60 = 30 rem stk ) .. 25,500 /90 x 30 = 7500

umesh yadav

IPCC

96 Points Joined December 2010

3 ) 1,00,000 x 3/5 = 60,000

85,000 x 2% = 1,700

85,000 -60,000-1700 x 20 /120 = 3883

can any one correct this plz ....

Anjana

ipcc

46 Points Joined June 2011

hey thanx a lot...bt ans given in the module for the 1st and 3rd que is 68333 and 3083..2nd one is correct..

mridul savio Pinto

articled trainee

1477 Points Joined July 2010

hi , anjana

u vl get 3083.33 for third on

85000*25%=1700

(85000-75000)-(1700-x ) =1/5 x

8300 =6x

x 8300/6=1383.33+1700=3083.33

mridul savio Pinto

articled trainee

1477 Points Joined July 2010

and solution to i sum .. since normal loss is given use this formula : total cost of goods sent *non -recurring expenses of consignor/actual qty -normal loss accordingly 200000+5000/1800=113.88 *closing stock (600)=68333.33

Anjana

ipcc

46 Points Joined June 2011

Hey thanx a lot for helping me....may God bless u both..

Tamanna Baid

Student

23 Points Joined May 2018

Ganguli of kolkata sends out goods costing rs. 80000 to Jaggu of Delhi. 4/5th of the goods were sold by consignee for rs. 70000. Commission 2% on sales plus 20% of gross sales less all commission exceeds cost price. The amount of commission will be: A. ₹2833 B. ₹2900 C. ₹3000 D. ₹2800 Please solve this question.

Preet Vj

2 Points Joined September 2018

Mukesh purchased 5000 bags of wheat costing 250 and sent them to manoj on consignment basis. Carriage 1500 and insurance expenses 3500 were paid by Mukesh. 3/5th of the stock were sold by Manoj at 300 per bag. Remaining stock was taken over by Manoj at cost. The amount of stock taken over will be :-

Ahmad Raza

2 Points Joined August 2019

consignment stock= cost of goods + all direct expns / (by) qnty of consigned good- qnty of normal loss * qnty of unsold goods. 200000+5000=205000/1800*600= 68333.33