CONSIGNMENT ACCOUNTS-1
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  1. Read lhe following carefully and tick mark the cmect answer.   *
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  2 State whether the following statements are True or False.
 i) .Despatch of goods on consignment amounts to sale .........,..,... of goods by the consignor ii) All the legitimate expenses incug-ed by the consignee relating to ' consignment are borne by the consignor.  

  iii) For the consignor the consignment is an outward consignment and the same becomes an inward consignment for the consignee. ............., 

 iv) Goods are treated as sales under consignment when they are consigned. .............. , 

V) The consignee does not become the debtor of the consignor on - . ..... ........ 4 receipt of goods.  
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