Question
A consignor sends goods costing ₹2,00,000 to consignee at invoice price of 125% of cost. 1/10th goods are lost in transit (abnormal). Consignee sells 75% of remaining goods at 20% profit on invoice price. Calculate profit on consignment.
More Accounts Questions
- The document containing the rules and regulations framed by the company for internal management of the company is called:
- As per RBI norms on agricultural advances, a loan granted for long duration crops will be classified as a Non-Performing Asset (NPA) if the instalment of p...
- Read the following information to answer the below questions: Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inventories...
- Which of these is a liability arising from construction contracts under percentage-of-completion where billings exceed progress?
- An interface that is also called Logic Tier in a three-tier architecture is known as _________.
- The matching principle in accounting means:
- Section 125 of the Companies Act, 2013 is related to which of the following?
- What is Bank Overdraft?
- What is the maximum limit of gratuity payable, under the Payment of Gratuity Act, 1972?
- Opening Stock ₹ 17,000 Purchases ₹ 61,400 Direct Expenses ₹ 9,600 Indirect Expenses ...
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)