The relationship between the consignor and the consignee is that of

Related MCQs

• Which of the following commission is allowed by the consignor to the consignee to encourage the consignee for putting-up hard work in introducing new product in the market?
• L of Lucknow consigned goods costing ` 60,000 to A of Allahabad at an invoice price bearing 331/3 % mark up on the cost price. Goods costing ` 15,000 were damaged in the transit and the insurance company admitted the claim in full. Expenses incurred by the consignor on loading and transportation of the goods amounted to ` 1,800. The consignee incurred ` 200 on cartage and ` 6,000 as Godown Rent and sold 2/3 of the goods received by him at the invoice price. He is entitled to 5% normal commission and 2.5% del credere commission. Find the value of goods sold
• In the books of consignor, the expenses incurred by consignee should be debited to
• Consignee becomes a debtor of the consignor when
• The commission given by consignor to the consignee for taking additional risks of recovery of debts on account of sales made on credit is known as ________.
• A consignor is entitled to ——————
• Goods sent on consignment should be debited by consignor to:
• In the books of consignor the balance of the consignment stock account would be shown:
• The consignor is:
• The consignor is