The relationship between the consignor and consignee is like

Who bears the risk of the uninsured consignment goods, if these are destroyed in the transit or in the godown of consignee without anyone's negligence?

Consignment deals with

What is the nature of consignment account?

What is the consideration for consignor and consignee in the consignment contract?

The periodical statement rendered by consignee to consignor is called

In consignment,

The commission paid to the consignee for bearing the loss on account of non recovery of debts from cusomers is called

The consignor drew a bill on consignee as advance for the goods sent to him. The bill is discounted from the bank. The amount of discount will be

The abnormal loss is valued at

Which of the following is an example of recurring expenses?

Which of the following is generally considered a normal loss?

How will you account for the normal loss of goods in consignment?

The unsold stock at the end of consignment for the consignor is considered as

The amount of abnormal loss on the goods sent on consignment is shown on

The balance of goods sent on consignment account is transferred to

If del-credre commission is not given to consignee, who bears the risk of non recovery of payment from the customers?

Madhav consigns goods of the cost price Rs. 1, 20,000 to Divesh at proforma invoice price showing 20% profit on invoice price. Calculate the invoice value of goods sent to Divesh.

Rytham consigns goods of the proforma invoice value of Rs. 2, 00,000 to Somya charging 25% profit on cost price. What is the amount of loading?

Virat consigned 5,000 jars to Mohinder invoiced at Rs. 240 per jar which is 20% above cost. Calculate the cost price of goods consigned.

Anu consigned 200 sets of coffee mugs to Manu at proforma invoice price of Rs. 80 each, charging 10% on invoice price. She spent Rs. 3,000 on carriage and Rs. 2,000 on insurance of goods. Manu sold 150 sets @ Rs. 120. She paid Rs. 1,000 on clearing charges, Rs. 1,500 for godown rent. She charged 10% commission on invoice price and 30% on surplus over the invoice price. Calculate the commission earned by Manu.

Shalu consigned 200 sets of coffee mugs to Anjali at proforma invoice price of Rs. 80 each, charging 10% on invoice price. She spent Rs. 3,000 on carriage and Rs. 2,000 on insurance of goods. Manu sold 150 sets @ Rs. 120. She paid Rs. 1,000 on clearing charges, Rs. 1,500 for godown rent. She charged 10% commission on invoice price and 30% on surplus over the invoice price. Calculate the profit or loss on consignment.

Anu consigned 200 sets of coffee mugs to Manu at proforma invoice price of Rs. 80 each, charging 10% on invoice price. She spent Rs. 3,000 on carriage and Rs. 2000 on insurance of goods. Manu sold 150 sets @ Rs. 120. She paid Rs. 1,000 on clearing charges, Rs. 1,500 for godown rent. She charged 10% commission on invoice price and 30% on surplus over the invoice price. Calculate the amount of closing stock.

Rohit from Goa consigned goods to Sanjeev of Ludhiana of the proforma invoice value of Rs. 5,00,000. He spent Rs. 1,00,000 on sending the goods. He drew a bill of Rs. 1,50,000 on Sanjeev as advance. At the end of the period, the goods of invoice value of Rs. 1,50,000 are unsold. Rohit wants to maintain proportionate advance. What should be the amount of advance so maintained?

Manoj consigned 500 sets of plastic mugs of cost price of Rs. 40 each to Akash of Pune at an invoice price showing 50% above cost price. Akash was allowed commission @ 10% of invoice value of mugs and 25% for excess of invoice price. He sold 350 mugs @ Rs. 80 per set. Calculate the commission payable to him.