Question

Pandya and sons have sent 22000 kgs. Tea gold on consignment at RS 150 per kg and paid direct expenses of RS
22000. During transit 1000 kgs were totally destroyed paid RS 1,15,000 for the same, then abnormal loss is ___​

Answer 1

Answer:

Pandya and sons have sent 22000 kgs. Tea gold on consignment at RS 150 per kg and paid direct expenses of RS

22000. During transit 1000 kgs were totally destroyed paid RS 1,15,000 for the same, then abnormal loss is 6000

Answer 2

Answer:

There is an abnormal loss of Rs 6,000

Step by step answer:

• Due to transport damages, Pandya and son have to bear a loss of Rs 6,000.
• Goods should be handled with utmost care and proper handling.
• There should be a separate reserve to manage such losses so that it does not reflect much on the profitability of any business.