Question

1,000 toys consigned by Roy & Co. of Calcutta to T.
Nu of Rangoon at an invoice cost of Rs 150 each. Roy
& Co. paid freight Rs 10,000 and insurance Rs 1,500
During the voyage 100 toys were totally damaged
by fire and had to be thrown overboard. T. Nu took
delivery of the remaining toys and paid Rs 14,400 as
customs duty​

Answer 1

Answer:

value of consignment : rs 150000

consignor expenses : rs 11500

value of loss in transit: 16150

value of loss in transit and unsold stock : 145350