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6. Following details are available in respect of a consignment of 1250s of material(a) Invoice price. 20 per kgtb) Excise Duty-25% on invoice price(c) Sales Tax-8% on invoice price including Excise Dutyid) Trade Discount-109 on invoice pricefe) Insurance-19 of aggregate net priorDelivery charges-250g) Cost of containers @ 60 per container for 50 kgs of material. Rebate is allowed 7 40per container if returned within six weeks, which is a normal feature(h) One container load of material was rejected on inspection and not accepted.w Cost of unloading and handling 0.25% of the cost of materials ultimately aceptedOn the basis of above, you are required to find out the landed cont of per kg of material Xns. [25.92] |
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Answer» On 1.1.20 X Ltd. PURCHASED fixed ASSETS worth 2,50,000 for a consideration of * 2,30,000 payable by the On 1.1.20 X Ltd. purchased fixed assets worth 2,50,000 for a consideration of * 2,30,000 payable by THEISSUE of 20,000 fully paid equity shares of 10 each at a premium of 15%. After 6 months X Ltd. sold the On 1.1.20 X Ltd. purchased fixed assets worth 2,50,000 for a consideration of * 2,30,000 payable by theissue of 20,000 fully paid equity shares of 10 each at a premium of 15%. After 6 months X Ltd. sold theabove fixed assets for * 3,20,000. |
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