Question

What do understand by consigoment account? give the spesimen of consignor account and consignee account.​

Answer 1

Answer:

Consignment accounting is a type of business arrangement in which one person send goods to another person for sale on his behalf and the person who sends goods is called consignor and another person who receives the goods is called consignee, where consignee sells the goods on behalf of consignor on consideration 

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