Question

Which of these accounts are not opened in the books of Consignor?

• A. Consignment A/c
• B. Commission Earned A/c
• C. Goods sent on Consignment A/c
• D. Consignee Personal A/c

Answer 1

The correct option is B Commission Earned A/c

The consignor sends goods on consignment to the consignee to sell them on his behalf. For this, he allows a certain amount as commission to the consignee. So, the consignee earns commission and opens a commission earned account in his books of accounts. Therefore, a commission earned account is not opened in the books of the consignor.