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what is consignment entry?

Answers were Sorted based on User's Feedback



what is consignment entry?..

Answer / sukanta das

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 ?    72 Yes 7 No

what is consignment entry?..

Answer / guest

Consignment entries are those which are accounted by the
consignor and the consignee for their transaction.

Is This Answer Correct ?    35 Yes 5 No

what is consignment entry?..

Answer / nuhad ahsan qadri

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 ?    13 Yes 1 No

what is consignment entry?..

Answer / jatinder makker

when the consignor send goods to consinee then both party make entry in their books is known as consignment entry

Is This Answer Correct ?    11 Yes 3 No

what is consignment entry?..

Answer / prasad

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 ?    4 Yes 0 No

what is consignment entry?..

Answer / shyam rama

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 6 No

what is consignment entry?..

Answer / srinivas

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 ?    5 Yes 3 No

what is consignment entry?..

Answer / paramesh

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 ?    4 Yes 2 No

what is consignment entry?..

Answer / konda suresh

consignee A/C DR.
TO googs sent on consignment A/C CR.

Is This Answer Correct ?    3 Yes 2 No

what is consignment entry?..

Answer / suresh

consinee a/c dr

to goods a/c

Is This Answer Correct ?    0 Yes 4 No

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