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 of goods”? Is it the same as “goods on sale or return” Click
Accounting consignment occurs when the consignor sends goods to the consignee. It is usually enough to record the change in location within the stock record keeping system of the consignor that process is called accounting consignment.