Consignment Accounting Questions
Theoretical Questions of Consignment Accounting Questions are followings:
Distinguish between a sales and consignment?What is “consignment of goods”? Is it the same as “goods on sale or return”? Describe how the consignment account is maintained in the books? Write a note on “deal creed commission? If a consignment remains partly unsold (closing stock or unsold stock) at the time of balancing the books, how do you deal with it?