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                                    XYZ Ltd. commenced a voyage on 1st October, 2018 from Mumbai to Chennai. The details of complete voyage i.e. Mumbai toChennai and back to Mumbai were as follows:Coal consumption70,000Port charges14,000Depreciation40,000Sundry expenses4,000Wages8,000Freight4,00,000Stock consumed30,000Salaries48,000Insurance-Ship40,000Insurance-Freight16,000Primage and address commission are 10% and 5% respectively.Freigth relating to the return journey amounted to Rs. 1,20,000only. The accounts are closed on 31st December. The ship was onher half way back to Mumbai on the date of closing the accounts;prepare voyage account up to 31st December, 2018. (Marks 10)Ans. [Net Profit Rs. 1,54,000; Voyage in progress Rs. 1,38,400] | 
                            
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