In the books of consignor the balance of the consignment stock account would be shown:
A) As an asset in the balance sheet.
B) As a liability in the Balance Sheet
C) On the credit side of the Trading A/c
D) On the debit side of Consignment A/c
Correct Answer:
Verified
Q4: A heavy balance in the Receipts and
Q5: A heavy balance in the Income and
Q6: The main source of income for non
Q7: Opening balance of Receipts and Payments accounts
Q8: Goods sent on consignment should be debited
Q10: The consignor is:
A)Principal
B)Agent
C)Debtor
D)None of the above
Q11: Account Sales is submitted by:
A)Consignor
B)Consignee
C)Principal to his
Q12: Joint Venture is of the nature of:
A)Personal
Q13: Which of the following is not a
Q14: Which of these accounts are not opened
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