Multiple choice

Which of the following statements is wrong?

  1. Consignor is the owner of the consignment stock

  2. Del credere commission is allowed by consignor to protect himself for bad debt

  3. Proportionate consigner's expenses is added up with consignment stock

  4. All proportionate consignee's expenses will be added up for valuation of consignment stock
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

 Consignor's expenses till the point stock reaches consignee is added to the cost of stock but expenses incurred after the goods have reached consignee's down are not to be added to the cost of stock.

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