In the books of consignor, the balance in the goods sent on consignment account is shown
A) On the asset side to balance sheet
B) On the liability side of balance sheet
C) On the credit side of trading A/c
D) On the credit side of consignment A/c
Correct Answer:
Verified
Q14: Which of these accounts are not opened
Q15: Profit or loss on joint venture business
Q16: In accounting consignment means
A)Goods forwarded from one
Q17: The consignor is
A)Principal
B)Agent
C)Debtor
D)None of them
Q18: In the books of consignor, the expenses
Q20: Joint venture account is a
A)Personal account
B)Real account
C)Nominal
Q21: In case of Memorandum Method, when there
Q22: P and Q are partners sharing profit
Q23: When a complete set of books are
Q24: Consignee becomes a debtor of the consignor
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