On 15-6-2016, A of Amritsar consigned to his agent B of Batala goods costing 20,000 paying
ALUATION OF STOCK ON CONSIGNMENT
11.
carriage * 150, freight 3 200 and insurance 100.
B sold 3/4 of the consignment for * 21,500 and had to bear the following expenses : Octroi Dum
*120, Carriage 50, Godown Rent * 250, Commission to salesman 260. He was entitled to 10%
commission. On 30-6-2016 the closing date, the market price was 20% more than cost price. Find
out the value of closing stock.
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what are you asking me you no
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