The abnormal loss on consignment is credited to:

Related MCQs

• Which of the following term is applicable about consignment?
• The Consignment Accounting is made on the following basis
• Del Credere Commission in consignment business is generally payable on
• Goods sent on consignment account is of the nature of
• Any income arising from special fund will be credited to
• There are 100 members each p aying an annual subscription of 500. The Receipt and Payment account shows arrear subscription of 4,500, advance subscriptions 6,000 and current 44,500. How much amount to be credited in the Income and Expenditure account?
• Goods taken from business for personal use by the proprietor should be credited to
• At the time of dishonor of an endorsed bill, which account would be credited by the drawee?
• Any donation received for a specific purpose should be credited to
• A withdrawal of cash from business by the proprietor should be credited to