Approach to Solve Depreciation Rate Based Questions
Goods sent on...
Question
Goods sent on consignment Invoice value Rs. 2,00,000, at cost plus 33.33% ,20% of the goods were lost in transit. Insurance claim received Rs. 10,000. The amount of abnormal loss to be transferred to General Profit & Loss A/c is _______________ .
A
Rs. 30,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Rs. 20,000
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Rs. 35,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Rs. 25,000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is C Rs. 20,000 Cost price of total stock = Invoice value ×34
=2,00,000×34
=1,50,000
Cost price of goods lost in transit = Total cost ×20100