Reference no: EM132809276

Problem 1: In consignment, the sender of goods is called?

a) Consignee

b) Consignor

c) Debtor

d) Creditor

Problem 2: For expenses incurred by the consignor, this account is debited?

a) Consignment

b) Cash/Bank

c) Consignor

d) Consignee

Problem 3: Commission on consignment is _________ to consignee

a) Income

b) Expense

c) Asset

d) Loss

Problem 4: The relationship between consignor and consignee is that of:

a) employer and employee

b) business partners

c) owner and servant

d) principal and agent