In the books of consignor the balance of the consignment stock account would be shown:
A. As an asset in the balance sheet.
B. As liability in the balance sheet.
C. On the credit side of trading account.
D. On the debit side of consignment account.
Answer:A
In the books of consignor the balance of the consignment stock account would be shown:
A. As an asset in the balance sheet. B. As liability in the balance sheet. C. On the credit side of trading account. D. On the debit side of consignment account.