In the books of consignor, the profit of consignment will be transferred to ___________.

General Trading A/c

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General P/L 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 A General P/L A/c
The profit on sale of goods sent on consignment is an income earned from a special type of sale by the consignor. Hence, in the books of consignor, the profit of consignment will be transferred to general profit and loss account.

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