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Can you explain how to compute unsold stock here?

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siva chaitanya

siva chaitanya

CA Foundation

1K+

24-Mar-21 10:12

56

Answers (9)

Best Answer

I understood that one sir but the expense is incurred by consignor know. He will incur those expenses on 100 goods know sir Then why we took 96 only

The cost incurred on 100 will be absorbed by 96 (like how you deal with the actual cost of goods).


Suraj Lakhotia

Suraj Lakhotia

Admin

25-Mar-21 16:30

This is the answer given but my doubt is why we are subtracting 4 from 100

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siva chaitanya

siva chaitanya

CA Foundation

1K+

24-Mar-21 10:16

This is the answer given but my doubt is why we are subtracting 4 from 100

Because there was a normal loss of 4 tons of coal. Consignee proportionate expense will include only those incurred on actual goods received.


ruchi lahoti

ruchi lahoti

Moderator

24-Mar-21 12:20

Mam but cost of goods and freight charges are for 100 goods then why we are subtracting 4 from 100


siva chaitanya

siva chaitanya

CA Foundation

1K+

24-Mar-21 12:43

Because there was a normal loss of 4 tons of coal. Consignee proportionate expense will include only those incurred on actual goods received.

Mam, but the expense is incurred by consignor know. He will incur those expenses on 100 goods know mam


siva chaitanya

siva chaitanya

CA Foundation

1K+

24-Mar-21 23:33

Mam, but the expense is incurred by consignor know. He will incur those expenses on 100 goods know mam

Pls answer to this question mam


siva chaitanya

siva chaitanya

CA Foundation

1K+

24-Mar-21 23:34

Mam but cost of goods and freight charges are for 100 goods then why we are subtracting 4 from 100

It is assumed that the loss is normal loss in the solution. The same has been explained in detail in the consigmnent chapter.


Suraj Lakhotia

Suraj Lakhotia

Admin

25-Mar-21 08:06

I understood that one sir but the expense is incurred by consignor know. He will incur those expenses on 100 goods know sir Then why we took 96 only


siva chaitanya

siva chaitanya

CA Foundation

1K+

25-Mar-21 09:31