Consignment account

The person who sends the goods is called ______

The relationship between consignor and consignee is that of:

• employer and employee

• business partners

• owner and servant

• principal and agent

Proforma invoice is a document which is prepared by

• Consignor

• Consignee

• Both Consignor and Consignee

Accounts sales is a statement which is prepared by

• Consignor

• Consignee

• Both Consignor and Consignee

Which of the following items may be shown by an account sales.

• quantity of the goods

• per unit sales price

• Consignee's commission and expenses

• All the above items

The Consignment account is

• Real Account

• Nominal Account

• Personal Account

• Valuation account

The profit generated or Loss incurred by a consignment is shown in.

• Consignee account

• Goods sent on consignment account

• Consignment account

• Stock reserve account

Expenses which occur only one time is called ______expenses.