Consignment Account

The consignor is:

• Agent

• Principal

• Debtor

• Consumer

In case of del- credere commission, the liability for bad debits is on:

• Consignor

• Consignee

• Debtor

• Consumer

Goods costing ₹50,000 are consigned at a proforma invoice of cost plus 20%. The consignment account will be debited by:

• 50000

• 80000

• 40000

• 60000

Proforma invoice is a document which is prepared by:

• the consignor and is sent to the consignee

• the consignee and is sent to the consignor

• both consignor and consignee and is sent to each other

• the carrier and is sent to both consignor and consignee

Owner of the consignment stock is

• Consignor

• Consignee

• Debtor

• Creditor

Read the question and calculate the amount of Consignment.

• 3120000

• 3744000

• 3200000

• 4650000

Read the question and calculate the Profit or loss on consignment account.

• Profit 1169947

• Profit 1125000

• Loss 1169947

• Loss 1125000

Read the question and Find out the stock of consignment (Closing Stock).

• 525000

• 261667

• 213667

• 313667

Read the question and calculate total commission received by consignee (Normal Commission + Del-credere Commission)

• 465000

• 93000

• 558000

• 187200

Read the question and find out the amount of Stock Reserve.

• 65000

• 93000

• 15100

• 52000