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A). Profit and Loss Account
B). Consignee’s Account
C).Consignment Account
D). None of the three.
Answer: option C Consignment Account.
.Consignment Account..................
it should be credited to consignment a/c
Yeah defiantly its option C>>>>>>>>>>>>.
B). Consignee’s Account
to know the correct profit.
Any Abnormal loss on consignmnet is credited to 'Consignment Account' in order to know the exact profit made on the consignment. so the answer is 'C'
P&L A/C Dr. Consignment A/C Cr. ...... so C is the answer