Consignment
This query is : Resolved
07 April 2016
journal entries for both consignor and consignee in case of goods sold on consignment basis
Amol S Joglekar
(Expert)
07 April 2016
in the books of consignor:
debit consignee
credit goods sent on consignment
In the books of consignee:
debit goods received on consignment
credit consignor
debit consignee
credit goods sent on consignment
In the books of consignee:
debit goods received on consignment
credit consignor
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