passwella.
Menu

WAEC Financial Accounting 1995 Question 31

Question 31

Consignment Accounts

Which of the following does a consignee prepare and send to his consignor?

  1. A.Accounts receivable
  2. B.Current Account
  3. C.Accounts payable
  4. D.Accounts Sales
  5. E.Consignment Account.
Show the answer and explanation

Answer: D (Accounts Sales)

Explanation

The consignee sends an account sales showing sales, expenses, commission and the balance due.