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How the account is classified in the financial statements

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Reference no: EM132557213

Question 1: Identify each of the following ledger accounts by indicating whether it belongs in the ledger of consignors or consignees; whether it normally has a debit balance or a credit balance; and how the account is classified in the financial statements.

A. Cost of consignment sales

B. Consignment out

C. Consignment sales

D. Consignment in

Reference no: EM132557213

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