Teaching Accountancy Accounting for Specific Business and Transactions Question Bank MCQ - Accounting for Specific Business and Transactions

  • question_answer
                           Which of the following statement is wrong?

    A)  Consignor is the owner of the consignment stock

    B)  Del-credre commission is allowed by consignor to protect himself from bad debts

    C)  Proportionate consignor’s expenses are added up with consignment stock

    D)  All proportionate consignee's expenses will be added up for valuation of consignment stock

    Correct Answer: D


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