Question

Meaning of depreciation meaning of consignment
problems of consignment account

Answer 1

Explanation:

The word meaning consignment in accounting can be generally defined as the act of sending a quantity of goods by the manufacturers and producers of one country or place to their agents in another at the risk of the principals for the purpose of sale.

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Answer 2

depreciation:

The monetary value of an asset decreases over time due to use, wear and tear or obsolescence.

consignment:

goods that are being sent to somebody/something

problems of consignment account:

of Ahmedabad sent 100 pieces shirting to Fancy Stores, Delhi, on consignment basis. The consignees are entitled to receive 5 per cent commission plus expenses. The cost to Raja Mills Ltd. is Rs 600 per piece.

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