Related InterviewSolutions

• The consignor is the ................
• Give two differences between invoice and proforma invoice?
• What are the difference between invoice and proforma invoice?
• An agent is entitled to get delcredere commission, what entry he will pass, if bad debts due to credit sales occurs?
• What is the difference between delcredere commission and additional commission?
• Vivek paid to Bhavesh 5% general commission on sales and 2.5% delcredere commission. Bhavesh sold goods worth Rs 60,000 including Rs 40,000 on credit sales. What amount of commission Bhavesh will received?
• What is the nature of consignment account?(a) Real account(b) Personal account(c) Nominal account(d) Agent account
• What do you mean by consignment? Explain with example about various types of commission given to consignee.
• If consignee is not entitled for delcredere commission and Rs 1,500 due to debtors become bad-debts, what entry will be passed in the books of consignor for such bad-debts?
• What are the difference between consignment and sales?