Consignment

answered on 07-Nov-23 11:49

A of Ahmedabad consigned 1000 units of bed sheets to B of Bangalore each costing â?¹1,000 adding a load of 16 2/3% on invoice price. A paid â?¹20,000 for carriage â?¹10,000 for insurance and â?¹15,000 for freight for transporting the goods. Bed sheets of invoice value â?¹60,000 were destroyed in transit for which insurance company admitted a claim of â?¹ 40,000. B took delivery of remaining goods and paid â?¹5,700 as clearing charges, â?¹10,000 for storage and â?¹6,300 for selling expenses. B sold 20% of the goods received adding 10% profit on invoice price for cash, sold 50% of goods received so as to get 20% profit on selling price (over invoice price) and kept 10% of the goods with himself. B was to be given commission of 5% on total sales at invoice price, 3% del credere commission on credit sales and 10% commission on surplus sales over invoice price. Can someone show the workings of the total sales to be written for the above question?

latest answer

Invoice price = 1200 damaged = 60,000/1200 =50 Remaining 950

Pranaya Ramaprasad

CA Foundation

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4

908

AS-4

answered on 31-May-22 11:07

in AS-4 chapter, If the Question is neutral and does not gives the significance of loss which affects the going concern. can we assume on our own and write a note of our assumption at the end of our answer?

latest answer

YES

Vijay adithya

CA Inter

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292

Applicability & Non Applicability of Accounting Standards

answered on 30-May-22 16:36

What sort of questions can we expect from Applicability & Non Applicability part?

latest answer

Recently asked questions from that chapter is concepts related to SMC and non SMC and it's levels

Swetha S

CA Inter

★ 15K+

4

386

Buy back

answered on 29-May-22 15:41

In share outstanding test, what if the question has both equity as well as preference share capital? Then how should we approach the sum?

latest answer

Only equity

vs navin

CA Final

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5

280

Partnership accounts

answered on 29-May-22 20:41

Kindly explain (2) of question 1. Thank you.

latest answer

No bro, old partner bring only 6000. Half of 6000 is 3000. So 3000 is withdrawn by old partner See entry 3..in answer

Aswin Chandar

CA Final

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6

292

Rectification of errors

answered on 29-May-22 12:31

Can someone tell the rectifying entries to each of the questions below with reason?

latest answer

Thank you sis

Pranaya Ramaprasad

CA Foundation

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8

295

Advanced accounts

answered on 29-May-22 09:56

Can anyone please share advanced accounts past analysis pic ....I'm not able to open in my mobile..so pls share it

latest answer

Yeah That's the same one

Sai Prasanna Ch

CA Inter

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341

Adjusted cash book

answered on 28-May-22 13:46

Sir for adjusted cash book icai told in their suggested answer that it's not at all necessary to prepare adjusted cash book it is only for understanding of students soo what should we do ?

latest answer

Prepare only if asked.

Nai Jay

CA Inter

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9

365

Closing entry

answered on 28-May-22 13:38

One silly doubt : closing entries of ledger accounts r passed after or before prep of trial balance??

latest answer

Closing entries are passed before trial balance. Then only we can have the balances of each account to prepare trail balance.

Reetikaa R

CA Final

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7

309

Revision

answered on 28-May-22 10:42

Sir please take a class for revision of ca foundation account theory Every likes to join Everybody please request sir !!

latest answer

what do you mean by benefits?

Nai Jay

CA Inter

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13

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