14/10/2024
Calculation of Consignment Stock Value under Cost price and Invoice price
Consignment accounting is unique because the consignor sends goods to the consignee for sale but retains ownership until the goods…
Read BBA, BMS, B.Com Syllabus wise Notes
Consignment accounting is unique because the consignor sends goods to the consignee for sale but retains ownership until the goods…
In consignment arrangements, the consignee receives a commission for selling goods on behalf of the consignor. Commission acts as an…
Consignee is a person or business entity entrusted with the responsibility of selling goods on behalf of the consignor in…
Consignor is an individual or business entity that owns goods and sends them to another party (the consignee) for the…
Reversing entries are an essential part of the accounting process, specifically when dealing with goods returned by customers. When goods…
Revenue recognition on goods sent for approval or return, often referred to as sale on approval or sale or return…
When a company ships goods to a customer, it must recognize the transaction in its financial records accurately. This process,…
Revenue recognition is one of the most fundamental principles in accounting. It determines when and how revenue should be recognized…
Sale of Goods on Approval or Return basis is particularly relevant in certain business environments where the buyer is uncertain…
Sale of goods on approval or return is a conditional sale where the buyer has the option to either accept…