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
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Cases
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$
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Cases
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$
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Goods on consignment
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100
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7,000
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Goods on consignment
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|
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Bank- carriage
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|
400
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- Return
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5
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350
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Bank- insurance
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|
200
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Consignee -sale
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60
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10,000
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Bill receivable
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|
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Stock c/d
|
?
|
?
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-Discount charge
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25
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|
|
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Consignee
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|
|
|
|
|
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-warehouse charge
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190
|
|
|
|
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-selling expenses
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120
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|
|
|
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-commission
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500
|
|
|
|
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Consignee
|
|
|
|
|
|
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-bad debts
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65
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|
|
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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