Question

name the items which are recorded at the invoice price in the consignment account. give reasons for consigning the goods at the invoice price.

Answer 1

In the consignment account, goods sent by the consignor is recorded at the invoice price.
The reason for consigning the goods at invoice price is to keep the profit undisclosed to the consignee. The consignor does not send the goods at cost, instead he sends the goods at invoice price above the cost price) to keep the profits earned by him undisclosed.
In such cases, the difference in invoice price and cost is known as Loading. The loading has to be calculated and recorded in the books of consignor to ascertain the real profit/loss on the consignment.
Loading is to be calculated on the following items:

1. Stock at the beginning

2. Goods sent on consignment

3. Goods returned by the consignee

4. Consignment stock at the end of the period

The stock and returns include the goods sent at invoice price. So this has to be shown separately.

Answer 2

The Consignor, sends good at a price higher than the cost price of the consignment, this price is known as the "Invoice Price". 
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In a consignment, the following items are recorded at the invoice price: 

1. Consignment stock at the beginning

2. Consignment stock at the end of the period

3. Goods sent on consignment

4. Goods returned by the consignee

Goods are consigned at this invoice price to maintain secrecy about the profits obtained from the consignment.