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CA CPT Dec 2015 Question Paper Fundamentals of Accounting for online practice

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Question : 28 of 59

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Rabin consigned goods for the value of Rs.8,250 to Raj of Kanpur and paid freight etc. of Rs.650 andinsurance Rs.400. He drew a bill on Raj for 3 months after date for Rs. 3,000 as an advance againstconsignment, and discounted the bill for Rs.2,960. Further, he received Account sales from Raj showingthat, part of the goods had realized gross Rs. 8,350 and that his expenses and commission amounted toRs. 870. The stock unsold was valued at Rs. 2750. Consignee wants to remit a draft for the amount due.The amount of draft will be:

Rs. 2,130
Rs. 4,480
Rs. 5,130
Rs. 5,090

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