Question

Illustration 3-
C Shipping Company Ltd., Mangalore sent its steamship "Karnataka" to New York
on November 1, 2003. The ship went to New York and returned to Mangalore on February
28, 2004. During the voyage the following expenses were incurred.
(a) Wages
Rs. 20.700
(b) Port Charges
Rs. 55,600
(c) Fuel
Rs. 15.400
The freights earned for both the journeys amounted to Rs. 2.10,000 and the shipping
agents are entitled to a commission of 5% on freights.
The annual insurance premium for the ship was Rs. 18,000 and for the freight Rs.
6,000 p. a.
The value of unused stores and provision amounted to Rs. 7,600.
Prepare Voyage Account.​

Answer 1

Answer:

I have a great day and I will be in the morning and I

Explanation:

a few days ago and I will

Answer 2

Answer:

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particulars ₹ particulars. ₹

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to wages =20700. by freight=210000

to port charges=55600. by pro. for

to fuel =15400 stores = 76000

to agent commission.

210000×5÷10. =10500

to insurance premium

ship 6000

freight + 2000 =8000

to net profit =107400

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total. = 217600 total. = 217600

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working note:

insurance premium ship

18000×4÷12=6000

freight

6000×4÷12= 2000

6000+2000=8000