Question

A of Ahmedabad consigned goods of Rs.10,000 to B of Baroda and pays Rs. 1,000 forexpense. Goods worth Rs. 2,000 was burnt intransit and the insurance company accepted aclaim of Rs. 1,500 then the abnormal loss debitedto General Profit & Loss A/c = ?​

Answer 1

Answer:

Cp=Rs 10,000+1000=11,000

Sp=Rs 8000+1500+1000=10,500

Sp > Cp, so loss

Loss=SP-CP

=Rs 11,000-10,500

=Rs500