CA CPT June 2018 Question Paper Fundamentals of Accounting for online practice

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Question : 21 of 53

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Which of the following statement is not correct?

Consignment accounting is based on realization basis
The relationship between the consignor and consignee is of principal and agent
When delcredere commission is paid, the loss of bad debts will be borne by the consignee
Consignor is the owner of closing stock

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