consignee account is the nature of
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The goods sold by an agent (consignee) on behalf of the principal (consignor) are called goods sold on consignment. ... This consignment account is a nominal in nature as all the expenses and losses are debited and incomes and gains are credited.
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The goods sold by an agent (consignee) on behalf of the principal (consignor) are called goods sold on consignment. ... This consignment account is a nominal in nature as all the expenses and losses are debited and incomes and gains are credited.
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