The consignee maintains an account called Consignment In. The following transactions will require a debit to this account, except: a. Remittances to the consignor b. Consignee expenses c. Commissions...

The consignee maintains an account called Consignment In. The following transactions will require a debit to this account, except:

a. Remittances to the consignor

b. Consignee expenses

c. Commissions of the consignee

d. Consignee sales

The primary difference between a balance sheet and an accounting statement of affairs is that

a. owners’ equity is not considered in the statement of affairs.

b. assets are arranged in a different sequence.

c. liabilities are arranged in a different sequence.

d. a balance sheet reflects book values, while a statement of affairs emphasizes realization values.