Question

In the books of the consignee, the sale of goods is credited to which account?

• A. Sales
• B. Consignor's
• C. Consignment stock
• D. Consignment

Answer 1

Answer:

B. Consignor's

In consignment accounting, goods are sent by the consignor to consignee. Consignee sells goods on behalf of consignor. Sale proceeds are credited to Consignor’s account, not directly to sales.