Class/Course - CA - CPC

Subject - Fundamentals of Accounting

Chapter - Consignment


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Q.1 On 1.1.2014, Amit of Varanasi consigned goods of the value of Rs. 50,000 to Sumit of Chennai. Amit paid Rs. 2,500 as freight and Rs. 1,500 for insurance. During transit, 1/10th of the goods were totally destroyed by fire. 1/9th of the remaining goods were again destroyed by fire in godown. On 1.4.2014 half of the original goods were sold for Rs. 30,000. You are required to ascertain the stock:
  Rs. 15,000
  Rs. 24,000
  Rs. 16,200
  Rs. 20,000