An Account Sales is a statement of affairs relating to the-
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Question 3 of 25
3. Question
1 points
Category: Fundamentals of Accounting & Auditing
Over-riding or special commission is calculated on-
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Question 4 of 25
4. Question
1 points
Category: Fundamentals of Accounting & Auditing
Normal loss in consignment –
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Question 5 of 25
5. Question
1 points
Category: Fundamentals of Accounting & Auditing
While calculating abnormal loss_______is taken.
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Question 6 of 25
6. Question
1 points
Category: Fundamentals of Accounting & Auditing
In case of _______ ownership of the goods goes to buyer.
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Question 7 of 25
7. Question
1 points
Category: Fundamentals of Accounting & Auditing
P of Delhi sends out 100 boxes of toothpaste costing 200 each. Each box consist of 12 packets. 60 boxes were sold by consignee at 20 per packet. Amount of sale value will be: ……
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Question 8 of 25
8. Question
1 points
Category: Fundamentals of Accounting & Auditing
Goods sent to consignment at cost plus 33-1/3%. The percentage of loading on invoice price will be:
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Question 9 of 25
9. Question
1 points
Category: Fundamentals of Accounting & Auditing
X of Kolkata sends out certain to Y of Mumbai at cost plus 25%.1/2 of the goods received Y is sold at 1,76,000 at 10% above invoice price.Invoice value of goods send out is –
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Question 10 of 25
10. Question
1 points
Category: Fundamentals of Accounting & Auditing
X of Kolkata sends out 2,000 boxes to Y of Delhi costing 100 each. Consignor’s expenses 5,000. 1/10th of the boxes were lost in consignee’s godown and treated as normal loss. 1,200 boxes were sold by consignee. Value of consignment stock?
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Question 11 of 25
11. Question
1 points
Category: Fundamentals of Accounting & Auditing
A consigned goods of 20000 to M and paid 1000 for expense. The consignee paid 200 for freight and 100 for octroi. 80% of goods was solid and commission of 1,000 was paid. Value of closing stock=?
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Question 12 of 25
12. Question
1 points
Category: Fundamentals of Accounting & Auditing
Goods costing 2,00,000 sent out to consignee at Cost plus 25%. Invoice value of the goods will be –
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Incorrect
Question 13 of 25
13. Question
1 points
Category: Fundamentals of Accounting & Auditing
A of Ahmedabad consigned goods of 10,000 to B of Baroda and pays 1,000 for expense. Goods Worth 2,000 was burnt in transit and the insurance company accepted a claim of 1,500 then the abnormal loss accepted a claim to General Profit & Loss A/c =?
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Question 14 of 25
14. Question
1 points
Category: Fundamentals of Accounting & Auditing
Goods costing 1,80,000 sent to consignee to show a profit of 20% on Invoice price of the goods will be:…….
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Question 15 of 25
15. Question
1 points
Category: Fundamentals of Accounting & Auditing
Goods of the Invoice value 2,40,000 sent out to consignee at 20% profit on cost. The loading amount will be –
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Incorrect
Question 16 of 25
16. Question
1 points
Category: Fundamentals of Accounting & Auditing
Ra Radio consigned 2,000 radios of 80 each to vijay Radio. The consignor paid expenses 1,045. The consignee received only 1,800 radios. The consignee paid clearing expanses 500. Cartage 100 Warehouse charge 1,450 and Selling expanses 600. The consignee sold 1,200 radious.
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Incorrect
Question 17 of 25
17. Question
1 points
Category: Fundamentals of Accounting & Auditing
100 tins of oil at 530, per tin of 15 kg each were sent by Bhavangar to Ahmedabad to be sold on consignment. He paid 625 for expenses. Normal loss is considered to be 5%. If the quantity left is 285 kg, then the value of stock is …….
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Question 18 of 25
18. Question
1 points
Category: Fundamentals of Accounting & Auditing
P have sent 25,000 kg Tea on consignment at 150 per kg and paid direct expenses of 25,000. During transit 1,000 kg were totally destroyed.Insurance company paid 1,45,000, then abnormal loss debited to General Profit & Loss A/c=?
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Incorrect
Question 19 of 25
19. Question
1 points
Category: Fundamentals of Accounting & Auditing
X sends 1,000 bags to Y costing 200 each. Consignor’s expenses 2,000. Y’ expenses non-selling 1,000, selling 2,000. 100 bags were lost transit. Va;lue of lost in transit will be-
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Question 20 of 25
20. Question
1 points
Category: Fundamentals of Accounting & Auditing
Consignee receiving del-credere commission, sold goods worth 20,000 on credit. Out of it one debtor of 500 become bankrupt, 25 paisa in a rupee is received from him. Then in the books of consignee bad debits is recorded as-
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Question 21 of 25
21. Question
1 points
Category: Fundamentals of Accounting & Auditing
X of Kolkata sens out 1,000 bags to Y of Delhi costing 2,000 each. 600 bags were sold at 10% above cost price. Sale value will be:…..
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Incorrect
Question 22 of 25
22. Question
1 points
Category: Fundamentals of Accounting & Auditing
Y consigned 800 packets of toothpaste, each packet containing 100 toothpastes. Cost price of each packets was 900. consignee sold 740 packets at the rate of 12 per toothpaste. He was entitled to 2% commission on sales plus 1% del-credere commission=?
Correct
Incorrect
Question 23 of 25
23. Question
1 points
Category: Fundamentals of Accounting & Auditing
X of Kolkata sends out 400 bags to Y of Delhi costing 200 each. Consignor expanses 2,000. Y’s non selling expanses 2,000 and selling expanses 1,000. 300 bags were sold by Y. Value of consignment Stock = ?
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Incorrect
Question 24 of 25
24. Question
1 points
Category: Fundamentals of Accounting & Auditing
F consigned 1,500 liter chemical of K at the rate of 50 per liter, and paid of expanses of 10,500. Due to evaporation there was a loss of 75 liters. Consignee sold 1,275 liters at the rate of 75 liters. Value of closing stock-?
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Incorrect
Question 25 of 25
25. Question
1 points
Category: Fundamentals of Accounting & Auditing
X of Kolkata sent out 2,000 boxes costing 100 each with the instruction that sales are to be made at cost plus 45% .X draws a bill on Y for an amount of bill will be –
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