X of Kolkata sends out 400 bags to Y of Delhi costing Rs 200 each Consignor expenses Rs 2 000 Y rsqu...........

General Accounting Principles Special Journals

X of Kolkata sends out 400 bags to Y of Delhi costing Rs. 200 each. Consignor expenses Rs. 2,000. Y’s non selling expenses Rs. 2,000 and selling expenses Rs. 1,000. 300 bags were sold by Y. Value of consignment stock will be?

Rs. 20,400

Rs. 20,200

Rs. 20,000

Rs. 21,000

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Explanation:

Cost of bags = 80000 (400 ×200)

Value of the bags sold = 60000 ( 300 ×200)

80000 - 60000 = 20000

20000 + consignor expenses - non selling expenses

20000 + 2000 - 2000 = 20000

20000+ Selling expenses

20000 +1000 = 21000