When goods sent on consignment are sold by the consignee, the account to be debited is in the books of consignor.

Cash account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Consignee's personal account

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Consignment account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Purchases A/c

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Consignee's personal account
Entry for sales Consignee a/c Dr xxxx
To Consignment a/c xxxx
(Being sale of goods)

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.