Accounting For Ventures / Joint Venture Accounts Learning Objectives: Define and explain the terms consignment, consignor and consignee. What is the difference between consignment and sale? Make journal entries in the books of consignor and that of consignee. Prepare consignment account and consignee’s account
Accounting For Ventures
Accounting for Joint ventures are economic measures between two or more parties where key strategic decisions are made collectively by the entities that share control is known as accounting joint ventures.