FEATURES OF CONSIGNMENT

CONSIGNMENT ACCOUNTS NOTES FOR B.COM 1ST YEAR

July 19, 2022 commerceiets No Comments

Consignment Accounts notes on meaning and features of consignment accounts, treatment of normal and abnormal loss and valuation of stock on consignment? QUESTION: What do you mean by Consignment? What are its salient features? CONSIGNMENT: Consignment is a specialized kind of transaction which involves the two parties i.e. Consignor and Consignee. In this the consignor…

GNDU STUDENT NOTES

CONSIGNMENT ACCOUNTING

September 26, 2019 commerceiets No Comments

MEANING Consignment is a specialized kind of transaction which involves the two parties i.e. Consignor and Consignee. In this the consignor dispatches the goods to the consignee and consignee is required to sell those goods. For this, the consignee gets a commission. Consignment is a nature of transaction that leads to the expansion of business….

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FINANCIAL ACCOUNTING