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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
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 Accounting General interview questions  Accounting General Interview Questions (2841)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4372)
Question
what is consignment entry?
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Consignment is a type of business who send the goods is
known as consignor & the receiver is known as consignee.
This transaction is called consignment.
 
Is This Answer Correct ?    67 Yes 7 No
Sukanta Das
 
Answer
# 2
Consignment entries are those which are accounted by the
consignor and the consignee for their transaction.
 
Is This Answer Correct ?    34 Yes 5 No
Guest
 
 
 
Answer
# 3
CONSIGNMENT ENTRY,
effect on two role no.1 and 2 personal and real ... in consignor books entry,
Consignee A/c Dr
to goods sent on consignment A/c Cr



thanks
 
Is This Answer Correct ?    12 Yes 1 No
Nuhad Ahsan Qadri
 
Answer
# 4
when the consignor send goods to consinee then both party make entry in their books is known as consignment entry 
Is This Answer Correct ?    10 Yes 1 No
Jatinder Makker
 
Answer
# 5
CONSIGNEE IS A ON BEHALF OUR GOODS SALES FROM THEIR
LOCATION. AND IT IS MUST BE WHO PRICE GOODS SEND TO
CONSIGNOR SAME PRICE TO SALE ONTHER PARTY.
 
Is This Answer Correct ?    8 Yes 5 No
Shyam Rama
 
Answer
# 6
a)When Goods are sent on Consignment

In Consignor Books

Consignee A/c Dr
Consignment Sales A/c Cr

When Amount received against Consignment Sales
Cash/Bank A/c Dr
Consignee A/c Cr

At End of the Year
Unsold Stock at consignee to be considered in Consignor
books as closing Stock under current assets
 
Is This Answer Correct ?    3 Yes 0 No
Prasad
 
Answer
# 7
consignee A/C DR.
TO googs sent on consignment A/C CR.
 
Is This Answer Correct ?    3 Yes 1 No
Konda Suresh
 
Answer
# 8
Consignment is a type of business who send the goods is
known as consignor & the receiver is known as consignee.
This transaction is called consignment.
 
Is This Answer Correct ?    4 Yes 3 No
Srinivas
 
Answer
# 9
consignment business the one off the agreement between consinee &Consinor the consinor goods sent to consinee

consinee a/c dr

to goods a/c
 
Is This Answer Correct ?    3 Yes 2 No
Paramesh
 
Answer
# 10
consinee a/c dr

to goods a/c
 
Is This Answer Correct ?    0 Yes 3 No
Suresh
 

 
 
 
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What is the difference for calculation Depreciation as pert Companies Act and Income Tax   1
 
For more Accounting General Interview Questions Click Here 
 
 
 
 
 


   
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