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Which of the following statement is wrong: 
  • a)
    Consignor is the owner of the consignment stock
  • b)
    Del-credere commission is allowed by consignor to protect himself for bad debt 
  • c)
    Proportionate consignor’s expenses is added up with consignment stock 
  • d)
    All proportionate consignee’s expenses will be added up for valuation of consignment stock. 
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following statement is wrong:a)Consignor is the owner of ...
Is a consignor who bears all the expenses related to the consignmentd)Consignee is responsible for selling the goods on behalf of the consignor.

c) Proportionate consignor is a consignor who bears all the expenses related to the consignment.

This statement is incorrect. A proportionate consignor is a consignor who shares the expenses related to the consignment with the consignee in a predetermined proportion. The expenses may include transportation, insurance, warehousing, and any other relevant expenses.
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Community Answer
Which of the following statement is wrong:a)Consignor is the owner of ...
No option d is wrong because only the direct proportionate expenses of consignee are to be added up while the values of the consignment stock and not all the proportionate expenses of consignee
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Which of the following statement is wrong:a)Consignor is the owner of the consignment stockb)Del-credere commission is allowed by consignor to protect himself for bad debtc)Proportionate consignor’s expenses is added up with consignment stockd)All proportionate consignee’s expenses will be added up for valuation of consignment stock.Correct answer is option 'D'. Can you explain this answer?
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Which of the following statement is wrong:a)Consignor is the owner of the consignment stockb)Del-credere commission is allowed by consignor to protect himself for bad debtc)Proportionate consignor’s expenses is added up with consignment stockd)All proportionate consignee’s expenses will be added up for valuation of consignment stock.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following statement is wrong:a)Consignor is the owner of the consignment stockb)Del-credere commission is allowed by consignor to protect himself for bad debtc)Proportionate consignor’s expenses is added up with consignment stockd)All proportionate consignee’s expenses will be added up for valuation of consignment stock.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statement is wrong:a)Consignor is the owner of the consignment stockb)Del-credere commission is allowed by consignor to protect himself for bad debtc)Proportionate consignor’s expenses is added up with consignment stockd)All proportionate consignee’s expenses will be added up for valuation of consignment stock.Correct answer is option 'D'. Can you explain this answer?.
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