Chennai radio despatched 1000 FM radios at rs 80 each to Mumbai radios . Chennai radio paid frieght ra 750, cartage rs 295. Mumbai radio recieved only 900 sets, 100 sets went missing during transit, Mumbai radio inccured expenses on government duties rs 10000, warehousing and insurance rs1450, clearing charges and carriage inward rs 500 and sales expense 600 rs . Mumbai radio sold 600 sets only. prepare consignment account in the books of Chennai radio
please answer this as fast as possible with full working of abnormal loss and closing stock.
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The FM broadcasting in India began in 1977, but boomed after 2001 when the privatisation of FM broadcasting began. AIR's FM LRS ( Local Radio Station ) was inaugurated on 1 July 2001 at 14:28 hours in Kodaikanal in the frequency 100.5 MHz. The Two Radio Persons Dr.Musiri.T.A.Veerasamy and B.Rajaram ( Savitraa ) made 100.5 popular and the LRS was upgraded to a " METRO FM " Channel in just two months. The channel covered a radius of about 200 km due to its location at 2200 meters above MSL at Kodaikanal. Later, the stalwarts like Supra (K. Natarajan) in 2002 and Maha Somaskandamoorthy in 2003 have joined KODAI FM, as it is popularly known. It is the biggest individual FM channel in India in both area coverage and listenership.
As of December 2018, there are more than 369 operational private radio stations in more than 101 cities and towns across India. The Government of India-owned All India Radio has about 450 FM stations covering 39% of the area and 52% of the population of India.