Stock in the hand of the consignee is valued

Related MCQs

• X of Delhi send out certain goods at cost + 25% of cost. Invoice value of goods is 1,20,000. 4/5th of the goods were sold by consignee at 1,00,000. Commission @ 2% up to invoice value and 10% of any surplus above invoice. The amount of commission will be
• X sends out goods to Y, costing 3,60,000. Goods are to be sold at cost plus 25% on sales. The consignor asked consignee to pay an advance for an amount equivalent to 60% of sales value. The amount of advance will be
• On receipt of goods from the consignor the consignee debits which of these accounts?
• Goods of the invoice value of 2,40,000 sent out to consignee at 20% profit on cost, the loading amount will be
• When opening stock 50,000; closing stock 40,000; purchases 1,90,000 profit margin is 16.67% on sales, the sales are:
• The valuation procedure for stock is cost or net realisable value, whichever is lower. The procedure follows as per
• Closing stock appearing in the trial balance is shown in
• The trial balance shows closing stock of Rs.30,000 .it will be recorded in ………………..
• Stock is ……………………………………….