The balance in consignment account shows
A) Amount receivable from consignee
B) Amount payable to consignee
C) Profit/ loss on consignment
D) Closing stock with consignee
Correct Answer:
Verified
Q86: Bank Reconciliation Statement is:
A)Ledger Account
B)Part of cash
Q87: Income & Expenditure A/c shows subscriptions `10,000.
Q88: A non-performing asset is:
A)Money at call and
Q89: Name the book in which, entries are
Q90: Exception to consistency principle is
A)Cost Principle
B)Going Concern
Q92: Provision for bad debts is
A)Real Account
B)Nominal account
C)Personal
Q93: The business is treated as distinct and
Q94: Due to retrospective effect on revision of
Q95: Discount given in the Sales - Invoice
Q96: Canteen expenses are apportioned among departments in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents