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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drawing A/c

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none of these

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Solution

The correct option is B general P&L A/c
The profit on consignment is an income for the consignor which shall be booked by him in his books of accounts by transferring the profit to the General P/L A/c.

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