The relationship between the consignor and the consignee is that of
A) Buyer and seller
B) rincipal and agent
C) Debtor and creditor
D) All the above
Correct Answer:
Verified
Q27: Consignee account is in the nature of
A)Personal
Q28: Joint venture account is in the nature
Q29: A joint venture is a
A)A general partnership
B)A
Q30: Joint Bank account is
A)Not like a cash
Q31: Profit or loss on a joint venture
Q33: The term used for consignee's remuneration is
A)Commission
B)Brokerage
C)Discount
D)Allowance
Q34: The party responsible for the risk attached
Q35: The legal ownership of the goods is
Q36: In Memorandum Joint Venture Account Method, the
Q37: Memorandum Joint Venture Account is prepared to
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