In Consignment Accounting, if discount is treated as "Consignment expe

1.	In Consignment Accounting, if discount is treated as "Consignment expenses" It is debited to __________ *
Answer» Explanation: To this ACCOUNT, goods sent to the consignee are DEBITED at cost; expenses incurred by the consignor in despatching the goods are also debited. On RECEIPT of the account sales from the consignee, the gross sale PROCEEDS will be credited, the consignee's expenses and commission being debited to the consignment account.

In Consignment Accounting, if discount is treated as "Consignment expenses" It is debited to __________ *

Answer»

Explanation:

To this ACCOUNT, goods sent to the consignee are DEBITED at cost; expenses incurred by the consignor in despatching the goods are also debited. On RECEIPT of the account sales from the consignee, the gross sale PROCEEDS will be credited, the consignee's expenses and commission being debited to the consignment account.

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In Consignment Accounting, if discount is treated as "Consignment expenses" It is debited to __________ *​

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In Consignment Accounting, if discount is treated as "Consignment expenses" It is debited to __________ *