Test Preparation on CA/CS Foundation MCQ Question Partnership Accounts I
1.
Consignment Account is a: -
2.
A invoicedj certain goods so as to show a profit of20% on invoice price 1/10 of the goods were lostin transit. The cost price of goods lost is Rs. 40 000.The invoice value of goods sent out is:
3.
X sends ojjt 400 begs to Y costing Rs 200 eachconsignor expenses were Rs 4000. Y s non sellingexpenses Rs. 2 000 and selling expenses of Rs 1000 300 bags were sold by Y. value of consignment stockwill be:
4.
X sends oiit goods costing Rs. 300000 to Y at costIplus 25% consignor s expenses Rs 5000. 1/10 * ofgood were! lost in transit. Insurance claim receivedRs 3000. The net loss on account of abnormal loss is:
5.
P sent out331/2 %. :goods costing Rs. 45000 to Y at cost +/lO of goods were lost in transit. 2/3 of the gooas are sold at 20% above IP. The amountof sale value will be:
6.
Account sales indicates:
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