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In The Consignee's Record Account, The Accounting Treatment Of Expenses Paid For On Behalf Of The Consignor Is Debit - Erudites Academy

In the consignee’s record account, the accounting treatment of expenses paid for on behalf of the consignor is debit

A. consignee’s account, credit cash account, credit cash account
B. cash account, credit consignor’s account
C. consignee’s account, credit cash account
D. cash account, credit consignee’s account
E. account sales, credit consignee’s account

Correct Answer:

Option A – consignee’s account, credit cash account, credit cash account

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5 years ago