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Govt Arts and Science (Autonomous) College, karwar, , Department of Commerce, Subject: Financial Accounting - I, Consignment: 5 Marks, Problem No: 01 (KUD 2020), Calculation of abnormal loss from the following:, 200 cases of chocolate at Rs: 500 per cases net on consignment. 15 cases of, chocolate damaged in transit. Non recurring expenses incurred by consignor is, Rs: 5000 and consignees Rs: 2000., Ans: Abnormal loss: 7875., Problem No: 02 (RCU 2020), Calculate the value of closing stock and abnormal loss form the following:, a. 5000 kg of oil consigned at Rs: 16 per kg., b. Freight Rs: 2000 and insurance Rs: 3000 paid by consignor., c. Expenses paid by consignee Rs: 700 for advertisement and Rs: 200 for, godown rent., d. 750 kg of oil lost in transit, e. Sales: 3000 kg at Rs: 18 per kg., f. Normal loss 250 kg., Ans: Abnormal loss: 12750, value of closing stock: 18,062, Problem No: 03 (KUD 2018), From the following information find out, a. Abnormal loss, b. Value of consignment stock, i., No of cell phones supplied: 200 cell phones at Rs: 3000 per phone., ii., Packing and carriage expenses paid by consignor Rs: 18000, iii. No. of cell phones lost in transit – 20, iv., No. of cell phones solf by consignee – 150, Ans: Abnormal Loss: 61,800, value of closing stock: 92,700, Problem No: 04 (KUD 2016 & 2008), a. Ascertain abnormal loss, b. Value of closing stock from the following:, i., Oil supplied on consignment – 10000 kg at Rs: 15 per kg., ii., Packing and delivery charges paid by the consignor Rs: 15,000, iii. Oil lost in transit: 1,500 kgs., iv., Oil sold by consignee: 7,000 kgs., v., Loss due to leakage: 500 kg.
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Govt Arts and Science (Autonomous) College, karwar, , Ans; abnormal loss: 24,750, value of closing, stock: 17,531, , Problem No: 04 (Womens 2018 & 2015), Value of closing stock from the following particulars;, Oil supplied on consignment 12,000 kg. @Rs: 18 per kg., Packing and forwarding charges by consignor Rs: 12000, Oil stolen in transit 2000 kg., Oil sold by consignee 9000 kg. @ 25 per kg., Loss of oil due to evaporation during storing is 50%, Abnormal loss: 38,000 and value of closing, stock: 10,000, , Problem No: 04 (KUD 1996), Oil supplied on consignment: 6000 kg at Rs: 18 per kg., Packing and forwarding charges by consignor Rs: 6,000, Oil stolen in transit: 1,000 kg., Oil sold by consignee: 4,500 kg at Rs: 25 per Kg., Loss of oil to evaporation during storing is 5%, Ans: Abnormal loss: 19,000, value of closing, stock: 5,000, , Problem No: 04 (KUD 1996), Devu consigned 1,000 kgs of oil to Ravi at Rs: 15 per kg. he paid Rs: 3,000 for, transport and packing 100 kgs of oild was lost in transit. Ravi sold 660 kgs of, oil incurring Rs: 200 as selling expenses. He reported that there was a normal, leakage of 20 kgs., Find out abnormal loss and value of closing stock., Ans: Abnormal loss: 1,800 and value of closing, stock: 4,050
