Multiple Choice Questions on Goods sent on consignment account is of the nature of ........ for UPSC EPFO Exam Preparation

Back to Main Page

Multiple Choice Questions

Goods sent on consignment account is of the nature of ........

General Accounting Principles Special Journals
  • 1262 views
Add to Study Deck Download Solution PDF

Goods sent on consignment account is of the nature of _______.

personal account.

Incorrect Answer

nominal account.

Incorrect Answer

real account

Correct Answer

representative account

Incorrect Answer
छोटे Courses बड़े Results
Master Special Journals
Prepare through Micro-courses
Try Now
Explanation:

Goods sent on Consignment Account is a real account. It is closed up by transferring its balances to trading accounting. It shall be shown on credit side of trading account. For each consignment these sets of accounts will be prepared separately.

Let's Discuss

VISHAL KUMAR CHOUDHARY

Goods sent on Consignment Account is a real account. It is closed up by transferring its balances to trading accounting. It shall be shown on credit side of trading account. For each consignment these sets of accounts will be prepared separately.

0 0 reply

Richa Goyal

Mam goods send to consignment to class m apne real account btaya tha

0 0 reply
Master
Special Journals
With abhipedia
Micro Courses
Try Now
What our students have to say
Download Abhipedia Android App

Access to prime resources

Downlod from playstore
download android app download android app for free