Question

If consignor draws a bill on consignee and discounted it with the banker, the discounting charges will be debited in: (a) General P/L A/c (b) Consignment A/c (c) Consignee A/c (d) Trade Receivables A/c

Answer 1

If consignor draws a bill on consignee and discounted it with the banker, the discounting charges will be debited in Consignee A/c.

So, the Answer is :-

[B] Consignee A/c ✓✓