Accountancy, asked by rauthankiran61, 11 months ago

what is consignment​

Answers

Answered by sai3856
1

Answer:

Consignment is the act of consigning, the act of giving over to another person or agent's charge, custody or care any material or goods but retaining legal ownership until the material or goods are sold.

hope this helps you

Answered by Anonymous
87

HEY MATE HERE IS YOUR ANSWER:-

Consignment is an arrangement in which goods are left in the possession of an authorized third party to sell. Typically, the consignor receives a percentage of the revenue from the sale (sometimes a very large percentage) in the form of a commission.

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