Financial State...

Goods sent on consignment at Invoice value Rs 1,00,000. It is at cost + 33 1/3 %. 1/5th of the goods was lost in transit. Insurance claim received Rs 5,000. The amount of abnormal loss to be transferred to General P/L is _________________.

Profit prior to incorporation is a......

Goods of the invoice value of Rs 1,20,000 sent out to consignee at 20% profit on cost. The loading amount will be _____________.

A company wants to issue 1,00,000 equity shares a Rs. 10 each, how much must be called at the time of application of shares

Goods sent out on consignment Rs 2,00,000. Consignor's expenses Rs 5000. Consignee's expenses Rs 7,000. Cash sales Rs 2,00,000, credit sales Rs 10,000. Consignment stock Rs 45,000. Ordinary commission payable to consignee Rs 2,000. Del credere commission Rs 3,000. The amount inrrecoverable from customer Rs 2000. What will be the profit on consignment?

When an inflow of economic benefits is probable then a contingent asset is disclosed ___________________.

X sends out certain goods at cost + 25% Invoice value of goods sent out Rs 1,00,000. 4/5th of the goods were sold by consignee at Rs 88,000. Commission 2% up to invoice value and 10% of any surplus above invoice value. The amount of commission will be ____________.

X sends out 4,000 boxes to Y costing Rs 100 each. Consignor's expenses Rs 10,000. 1/10th of the boxes were lost in consignee's godown and treated as normal loss. 2,400 boxes were sold by consignee. The value of consignment stock will be ____________.

Which of the following is not true about opinion on financial statement?

Balance sheet is prepared to ascertain _________________.