Question

Amar of Ahmedabad consigned goods of Rs. 1,00,000 to Dinesh of Davda
and paid Rs. 10,000 for expenses. Goods worth Rs. 20,000 was destroyed
due to accident in transit and the insurance company admitted a claim of
Rs. 15,700, then abnormal loss is -​

Answer 1

Answer:

4300

Explanation:

this is because there was a claim for the accident therefore the balance after the claim is the abnormal loss

Answer 2

The abnormal loss is of ₹4,300

Explanation:

When a seller sends goods to a person who is in other location, to sell those goods on behalf of him. it is called goods sent on consignment. the seller who sends goods for sale is called consignor and the person who sells those goods on behalf of him is called consignee.

in this question Amar of Ahmedabad consigned goods of ₹1,00,000 to Dinesh of Davda, and also gave him ₹10,000 for expenses. goods worth ₹20,000 were destroyed due to accident in transit which will be our total abnormal loss. but insurance company gave claim of ₹15,700. so, our actual abnormal loss will be :-

= total abnormal loss - insurance claim

= 20,000 - 15,700

= ₹ 4,300.