Cost of goods lost by fire Rs. 5, 000, insurance company paid a claim of 80%. In this case consignment account will be
Reveal answer
Fill a bubble to check yourself
Keep practicing — related questions
- Loss of goods worth Rs. 5,000 due to fire was recorded in the book. Claim is made to Insurance company and ...
- Goods are purchased for Rs. 20,000 from Rahul on 1st January for which Rs. 5,000 are paid in cash to Rahul ...
- An annual affiliation fee of Rs. 25,000 has been paid by a club for the affiliation it made with an organis...
- Calculate COGS from the data: Net profit = Rs.1,05,000, carriage inward = Rs. 15,000, carriage outward = Rs...
- Furniture costing Rs. 20,000 is sold at a profit of Rs. 2,000 for cash. It will result in
- Which of the following statements is/are true with regard to MWP Act cases? Statement I: Maturity claim che...
- Ludhiana Club has a bar inside the club. Purchases on the account of bar during the previous month were Rs....
- The balance as on 1st June in the saving bank account of Mr. Sandeep was Rs. 9,800. In the same month, he h...