1
Question
To record credit sale, when del-credere commission is not given which of the following entry is passed in the books of Consignor?
A.Consignment Debtors A/c
To Consignment A/c
Dr. B.Consignee A/c
To Consignment A/c
Dr. C.Consignment Debtors A/c
To Consignee A/c
Dr. D. Consignment Debtors A/c
To Sales A/c
Dr.
To record credit sale, when del-credere commission is not given which of the following entry is passed in the books of Consignor?
| A.Consignment Debtors A/c To Consignment A/c | Dr. |
| B.Consignee A/c To Consignment A/c | Dr. |
| C.Consignment Debtors A/c To Consignee A/c | Dr. |
| D. Consignment Debtors A/c To Sales A/c | Dr. |
Open in App
Solution
The correct option is A A
When del credere commission is not allowed by the consignor to the consignee, it means that the consignor is responsible for bad debts himself. So, debtors will arise in his books of accounts. Therefore, the entry will be passed by debiting consignment debtors account and crediting the consignment account i.e. Consignment Debtors A/c. Dr. To Consignment A/c
When del credere commission is not allowed by the consignor to the consignee, it means that the consignor is responsible for bad debts himself. So, debtors will arise in his books of accounts. Therefore, the entry will be passed by debiting consignment debtors account and crediting the consignment account i.e.
Consignment Debtors A/c. Dr.
To Consignment A/c
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
