Question

MrY consigned 800 packets of toothpaste, each packet containing 100 toothpaste.cost
price of each packet was 900. Mr. Y spent 100 per packet as cartage, freight,
insurance and forwarding charges. One packet was lost on the way and Mr.Y lodged
claim with the insurance company and could get rs 570 as claim on average
basis. Consignee took delivery of the rest of the packets and spent 39,950 as other non
- recurring expense sand Rs.22,500 as recurring expenses. He sold 740 packets at the
rate of Rs.12 per toothpaste. He was entitled to 2% commission on sales plus 1%
del-credere commission.
You are required to prepare Consignment Account Calculate the cost of stock at the end,
abnormal loss and profit or loss on consignment.​

Answer 1

Is it word problem? so big.

Answer 2

This is a consignment ques . Hope you got your answer