The commission received from consignor will be transferred to which account?

General Trading

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General P & L A /c

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Balance sheet

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None of these

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Solution

The correct option is B General P & L A /c
The commission received from consignor is an income for the consignee which will be credited to the commission earned account, which in turn will be transferred to the general profit and loss account in the books of the consignee.

Suggest Corrections

A. Consignment A/c To Commission A/c	Dr.
B. Consignment A/c To Consignor A/c	Dr.
C. Commission A/c To Consignment A/c	Dr.
D. Consignor A/c To Commission A/c	Dr.