Learn Financial and Managerial Accounting for Free
Valuation of Unsold Stock Or Closing Stock in Consignment Accounting: Learning Objectives: How is the closing stock or unsold stock laying with the consignee valued?. The valuation of stock laying…
Valuation and Treatment of Normal and Abnormal Loss in Consignment Accounting: Learning Objectives: How are the normal and abnormal losses are calculated and treated in consignment accounting? Normal Loss: Normal…
Invoicing Goods Higher Than Cost in Consignment: Learning Objectives: What is the accounting treatment when consignor invoices goods higher than the actual cost? Sometimes in place of sending the goods…
Distinction/Difference Between Consignment and Sale: Learning Objectives: What is the distinction/difference between consignment and sale? The following are the main points of the difference between consignment and sale. Transfer of…
Definitions of Important Terms Used in Consignment Accounting: Learning Objectives: Define the most important terms used in consignment account. Commission: The term commission as used in connection with consignment denotes…
Consignment Accounting Questions and Answers: Learning Objectives: Answer the various general questions about consignment accounting. Theoretical Questions: Distinguish between a sales and consignment. Click here to see answer. What is…
Consignment Accounting problems and exercises: Learning Objectives: Prepare journal entries, consignment account and consignee account in the books of consignor. Prepare journal entries and consignor account in the books of…
Consignment, Consignor and Consignee Learning Objectives: Define and explain the terms consignment, consignor and consignee. The word meaning consignment in accounting can be generally defined as the act of sending…
Sana Ahmed 
Sidra Farid 
Shamsa Rafique 
Abida Rehman 
Rubab Ali