consignment
A sends out good costing Rs 200 000 to B. Consinors expenses Rs 5000 . Consignee's expenses in relatio to sales Rs 3000 . 4/5 th goods were sold at 20% above cost. The profit on consignment will be : a) 25 000 b) 31 000 c)25 200 d)5000
- 1897 Views
- 10 Answers
10 Answers
- doubt about payment.and can any one explain the procedure for the repeater to do.
- Can a partnership deed be changed by the will of partners?
- how to registration for CA cpt exam for June 2017...??
- What is the last date for CPT registration ?
- What is the eligibility criteria for CPT Exam??
- What is the use of CPT exam? How many questions are on the CPT exam?
- how to register ca cpt june 2017? N is there a new syllabus for cpt 2017 exam?
- Can someone please let me know about the upcoming dates of CPT Exam ?
- just now i completed my 12th std. I want to join CA .
- What is the Syllabus of CPT-Common Proficiency Test ?
Practice Mock Test
cpt - common proficiency test
First you have to add consignor expense in 200000 then calculate 4/5th of 205000 so we will get 164000 calculate sales to add 20% of 164000 in the same . so we get sales 196800.and the remaining 1/5th stocks become closing stock. Then add both sales and closing stock and we get 237800. And other side add 205000 and 8000 so we have 213000. And then subtract 213000 from 237800. then we get profit of 24800.