Consignment stock or sales report by consignee agent

Dear Professionals

I have a doubt as under:

1. Which figures to account in balance sheet and income tax: Goods transferred to Consignee agent OR Goods sold by Consignee agent

2. There are 2 figures: Sales actually done by consignee agent and goods sent from factory

Please clarify as I have to account in my books....

Yours

Deepak

88843 11947 / 9886096664

Replies (6)
Sales actually done by the consignee
Goods with the consignee is added to closing stock of consignor
For further assistance contact www.completebusinesssolutions.in

Thanks but we not clear whether to account sales by consignee or goods transferred by consignor

Regards

Deepak

As per my knowledge, goods sold by consignee will be booked in account book....

Remaining stock at consignee is the stock of consignor

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