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WorksheetsConsignment Accounts
Total questions: 11
Worksheet time: 6mins
The relationship between consignor and consignee is that of: 2015
Principal and agent
Debtor and creditor
Buyer and seller
None of these
______is paid to the agent to work hard to push a new line of product in the market.2015/17
Commission
Del credere commission
Overriding commission
Ordinary commission
In consignment the risk attached to goods delivered is with: 2016
Seller
Buyer
Consignor
Consignee
In books of consignee, the cash received from sundry debtors should be debited to: 2016
Consignor's account
Cash account
Sundry debtors account
Consignee's account
The forwarding letter sent by consignor to consignee is a substitute of: 2017
Voucher
Journal
Invoice
Consignment account
In consignee's book, the payment of expenses by consignee should be debited to: 2017
Consignment account
Consignor account
Cash account
Expenses account
In case of del credere commission, the liability for bad debts will be on: 2018
Consignee
Consignor
Broker
Clearing agent
In sale, the risk and damaged attached to goods sold are transferred to: 2018
Seller
Consignee
Consignor
Buyer
What shows the details about the sale of goods, expenses paid by consignee? 2019
Account sales
Sales account
Purchases account
Sales book
In the books of consignor, the unsold stock with the consignee should be debited to: 2019
Consignment stock account
Consignment account
Stock account
Consignees account
In the book of consignee, del credere commission should be debited to: 2019
Commission account
Consignor's account
Sundry debtor's account
Consignee's account
