unit-12-consignment-accounts-iii

Unit-12 Consignment Accounts-III

Learn how Consignment Account is prepared when the goods are consigned at invoice price and how the necessary adjustments are made.

Find out the loading in the following cases:
i.Goods costing Rs. 1,800 are invoiced at Rs. 2200.
ii.Cost price Rs. 600 invoiced at a profit of 20% above cost
iii.Cost price is Rs. 600 invoiced at a profit of 20% on invoice price.
iv.Invoice price is Rs. 600 involving profit of 20% on invoice price.
v.Invoice price is Rs. 600 involving profit of 20% above cost.

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Learning Pundits Content Team
Written on Apr 24, 2019 12:51:52 PM

i) Rs. 400

ii) Rs. 120

iii) Rs. 150

iv) Rs. 120

v) Rs. 100