8. Consignment Accounting Cycle_ Consignment Accounting _ Part 5 _ Letstute Accountancy
From Dani Phillip
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The Basic Transactions are: 1. Goods sent on consignment 2. Consignor's Expense 3. Advance paid by consignee 4. Consignee's Expense 5. Sale of Goods 6. Commission Charged on consignment 7. Valuation of Closing Stock 8. Profit/Loss on Consignment 9. Settlement with Consignee 10. Closing Ledger Accounts It is very useful for your revision purpose!! Useful for students of FYBCOM sem - II, M.com, BCom, CA, CA Final, CA-CPT, IPCC, CMA and to anyone who wishes to learn the consignment.