Question

msignment Accounts
short Answer Questions:
Distinguish the differences between the Consignment and Sale.
How the unsold stock is valued in consignment?
How the abnormal loss is valued in consignment?
4. List out some of the recurring and non-recurringexpenses of the consignor and consignee
5. Proforma ofConsignment account in the books of Consignor.
11 Practical Problems
Short Problems:
1. The cost of price of goods is 20,000. But the invoice price ofthe goods is 24,000. Find the
loading?
(Ans: 4,000)
The cost of the goods sent on consignment is Rs.20,000 but the invoice price is 10% more than​

Answer 1

Answer:

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