X Ltd. Of Kaula Lumpur consigned 100 cases of goods to Mr. Y in penang. The consignment account appeared in the ledger ofX Ltd. Was shown below
|
Cases
|
$
|
|
Cases
|
$
|
Goods on consignment
|
100
|
7,000
|
Goods on consignment
|
|
|
Bank- carriage
|
|
400
|
- Return
|
5
|
350
|
Bank- insurance
|
|
200
|
Consignee -sale
|
60
|
10,000
|
Bill receivable
|
|
|
Stock c/d
|
?
|
?
|
-Discount charge
|
|
25
|
|
|
|
Consignee
|
|
|
|
|
|
-warehouse charge
|
|
190
|
|
|
|
-selling expenses
|
|
120
|
|
|
|
-commission
|
|
500
|
|
|
|
Consignee
|
|
|
|
|
|
-bad debts
|
|
65
|
|
|
|
What is the value of unsold stock?
The total cost of a fleet of lorries is $ 180,00 and theresidual value after five years is $20,00. Using thediminishing balance method find the rate of annualdepreciation?
A company has opening balance of $ 10, 00,000 in its fixed asstsaccount. Accumulated depreciation was $6, 00,000. There was anaddition of fixed assets of $5, 00,000 at the beginning of yearwhile there was no sale of fixed asset. Prepare fixed assetsschedule if the depreciation is charged for the year @15% onoriginal cost