Insurance claims

Accountancy

In qus 6(a)goods consigned has been cr in trading account to arrive correct gross profit may I know the reason why it has been cr??

Dhakshana Dhakshana

CFA L2

★ 18K+

04-Sep-22 17:23

459

Answers (4)

Best Answer

it is because the goods are currently not in the godown. By crediting the goods consined we are reducing the same from closing stock(i.e the goods available in the godown)

theee k

CA Final

★ 435

04-Sep-22 18:11

theee k

it is because the goods are currently not in the godown. By crediting the goods consined we are reducing the same from closing stock(i.e the goods available in the godown)

Bro what are they trying to say in adjustment 2 I didn't get it

Attachments

Thread Starter

Dhakshana Dhakshana

CFA L2

★ 18K+

04-Sep-22 18:16

Thread Starter

Dhakshana Dhakshana

Bro what are they trying to say in adjustment 2 I didn't get it

Did u tried

Balachandar S

CA Inter

★ 59K+

04-Sep-22 20:17

Thread Starter

Dhakshana Dhakshana

Bro what are they trying to say in adjustment 2 I didn't get it

from 01.04.2021 till he was fired.. he was stealing 2000 every week

Vamsi Chowdary

CA Final

★ 13K+

05-Sep-22 10:48