The owner of the consignment stock is________
(a) Consignor
(b) Consignee
(c) Debtors
(d) None

Answer Posted / margetar

of course consignor but he tranfers the stock and ownership to consignee for sale and consignee should sell the goods as a owner and send the required amount to consignor after deducting the commission.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Assuming that a firm pays tax at a 50 per cent rate, compute the after tax cost of capital in the following cases: I. A 8.5 % preference share sold at par. II. A perpetual bond sold at par, coupon rate of interest being 7 per cent III. A ten year, 8 percent, Rs.1000 par bond sold at Rs.950 less 4 percent underwriting commission.

2872


Tell me what are things will not be included in bank reconciliation statement?

645


Which kind of transactions are not recorded in the books of account?

1424


I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.

1628


Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?

608






What and How to compute an unsecured balances?

1712


what's the difference between impress cash account and petty cash account

1164


What is accounting period?

628


What are the important things to be remembered while preparing a bank reconciliation statement?

652


your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?

1387


What is the Project Accounting in case of Real Estate or Construction Co`s ?

1937


Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales

1270


When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?

1471


If we started new project of Housing with Construction linked payment plan . How can booked our revenue or Sales .

1695


what is lease accounting?? please explain me....

1811