Question

In the books of consignor the acceptance of bills of exchange by the consignee will be credited to _______.

• A. Consignment A/c
• B. Consignee A/c
• C. Income A/c
• D. Consignor's A/c

Answer 1

The correct option is B Consignee A/c

In the books of the consignor, the acceptance of bills of exchange by the consignee will be credited to consignee account as the consignee is providing a bill of exchange in place of cash/bank, to the consignor against the sales made by him on behalf of the consignor.