19 October 2010
For Receiving Goods on Consignment. : No Entry in the books of mr. X. (In consignment ownership of goods remains in the hands of consignor, Mr. X is a consignee just having physical possession & owner of goods) For Sales Debtor/ Cash A/c......Dr. To Consignee A/c. For Expenses for Consignment: Consignor A/c.........Dr. To Cash/ Bank A/c For payment to Consignor Consignor A/c........Dr. To CAsh/ bank A/c
CAclubindia
