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  • Accounting for Special Transactions
  • Consignment is a __________ account.
Multiple choice

Consignment is a __________ account.

  1. real

  2. personal

  3. nominal

  4. none of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Consignment account is debited with all expenses and credited with revenues. Thus it is a nominal account. Consignee is a personal account.

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