Question

9.The stock of goods with the consignee in the beginning of the second year is given, the following effect will be given in the books of the consignorRequired to answer. Single choice.
(1 Point)
Credited to Profit and Loss Account
Debited to Consignor's Account
In the Balance Sheet
Debited to Consignment Account

Answer 1

Answer:

ok try once on yourself

Explanation:

lol sorry I don't know

Answer 2

The stock of goods with the consignee in the beginning of the second year is given, the Debited to Consignment Account will be given in the books of the consignor Required Debited to Consignment Account.

Explanation:

• Consignment is a procedure in which one person provides items to another so that the latter can sell them on behalf of the person who sent them in the first place.

• No entries will be made in the consignee's books for the consignment of goods sent by the consignee, as well as any expenditures spent by the consignor.

• The advance given to the consignor, sales made, consignment expenses spent, and commission collected must all be recorded.

• As a result, the right response is Debt to Consignment Account.