Accountancy, asked by nadiira80561, 10 months ago

Goods sent on consignment account is which type of account

Answers

Answered by nirav0309

Consignment occurs when goods are sent by their owner (the consignor) to an agent (the consignee), who undertakes to sell the goods. The consignor continues to own the goods until they are sold, so the goods appear as inventory in the accounting records of the consignor, not the consignee.

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