In the books of consignee, the profit of consignment as shown by the Consignment A/c will be transferred to ______________.

General Trading A/c

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General Profit and Loss A/c

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Drawings A/c

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None of these

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Solution

The correct option is C None of these
Entry for Profit on Consignment
Profit & Loss A/c Dr
To Consignment A/c
(Being Profit earned on consignment)

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