Name items which are recorded at the invoice price in the Consignment Account. Give
reasons for consigning the goods at the invoice price.
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Consigning goods at invoice price aims to achieve the following merchandising objectives:
1. Increase turnover
2. Push old stocks
3. Clear old inventory for new ones
4. Promote another goods (tie up with consigned goods), and
5. Save storage space (producer/distributor pass storage/handling cost to wholesaler/retailer)
1. Increase turnover
2. Push old stocks
3. Clear old inventory for new ones
4. Promote another goods (tie up with consigned goods), and
5. Save storage space (producer/distributor pass storage/handling cost to wholesaler/retailer)
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