The relationship between the consignee and the consignor is that of _______________.

Employer and Employee

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Bailor and Bailee

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Principal and Agent

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None of these

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Solution

The correct option is D Principal and Agent
A consignment is a contract between consignor and consignee, whereby the consignor is the principal and the consignee is the agent. Consignor dispatches the goods to the consignee for the purpose of selling it to the ultimate consumer on behalf of the principal.

Suggest Corrections

A. Consignor A/c To Cash & Bank A/c	Dr.
B. Cash & Bank A/c To Consignee A/c	Dr.
C. Cash & Bank A/c To Consignor A/c	Dr.
D. Consignment A/c To Cash & Bank A/c	Dr.

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.