consignment
This query is : Resolved
03 May 2008
whatis the entryfor baddebts in consignor's and consignee's book when a)del credre commission is given b)when the same is not given
05 May 2008
Dear Om,
Very simple logic to it.
In the books of the comsignor Bad-debts will occur as he has to bear it.
On the other hand the consignee will not bear the expenses of bad- debts as he is not the owner of the goods. So the result of that would be that no entry will occur in the books of the consignee when it comes to Bad- debts.
Very simple logic to it.
In the books of the comsignor Bad-debts will occur as he has to bear it.
On the other hand the consignee will not bear the expenses of bad- debts as he is not the owner of the goods. So the result of that would be that no entry will occur in the books of the consignee when it comes to Bad- debts.
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