The abnormal loss on consignment is credited to ________________.

Consignment account

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Consignee's personal account

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Profit and Loss account

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Abnormal Loss A/c

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Solution

The correct option is A Consignment account
Abnormal loss is calculated just like the unsold stock on consignment and credited to consignment account and debited to Abnormal or Accidental Loss Account and then transferred to General Profit and Loss Account, so as to arrive at the correct profit or loss of consignment.

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