Question

consignment practical problem​

Answer 1

Answer:

In this article we will discuss about top ten accounting problems on Consignment with their relevant solutions.

Answer 2

From the consignee's perspective, a sale transaction triggers a payment to the consignor for the consigned goods that were sold. There will also be a sale transaction to record the sale of goods to the third party, which is a debit to cash or accounts receivable and a credit to sales