Pls provide a detailed accounting entries for consignment transaction i.e. Goods sent on consignment, Exice Involved, Sale by COnsignee, stock at consignee place.
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Consignment Accounting
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The One Says:
Is this for a student?
If so The One advises refering to any good text book (was that too obvious?)
If not give an idea of the situation you face so that The One may clear you doubts
Is this for a student?
If so The One advises refering to any good text book (was that too obvious?)
If not give an idea of the situation you face so that The One may clear you doubts
VERY BRIEFLY I WOULD LIKE TO GIVE YOU IDEA ABOUT IT IS :
1. GOODS IS SENT TO CONSIGNEE FOR SALE TO THIRD PARTIES.
2. CONSIGNEE THEN SALES GOODS AND SENDS REPORT AND PAYMENT OF SALE MADE TO THIRD PARTIES AFTER DEDUCTING HIS COMMISSION AND EXPENSES ON SALE.
3. WHEN THERE IS STOCK THEN IT IS CLASSIFIED AS "STOCK WITH THE CONSIGNEE".
1. GOODS IS SENT TO CONSIGNEE FOR SALE TO THIRD PARTIES.
2. CONSIGNEE THEN SALES GOODS AND SENDS REPORT AND PAYMENT OF SALE MADE TO THIRD PARTIES AFTER DEDUCTING HIS COMMISSION AND EXPENSES ON SALE.
3. WHEN THERE IS STOCK THEN IT IS CLASSIFIED AS "STOCK WITH THE CONSIGNEE".
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