If consignor draws a bill on consignee and discounted it with the banker the discounting charges wil...........

General Accounting Principles Special Journals

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If consignor draws a bill on consignee and discounted it with the banker the discounting charges will be debited in:

General P/L

Consignment A/c

Consignee

Debtors

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Explanation:

If the consignor draws a bill on consignee and discounts it with the banker the discounting charges will be debited to the consignment account. This is because the discounting charges is an expense for the consignor which has been incurred on account of consignment.