Question

Write the difference between consignment and sales

Answer 1

The parties to a consignment are consignor and consignee whereas the parties to the sale are buyer and seller. ... In consignment, only the possession of goods transfers not the ownership. On the other hand, in the sale, both the ownership and possession are transferred to the buyer.

one other ans.is

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. ... The verb "consign" means "to send" and therefore the noun "consignment" means "sending goods to another person".

Sales are activities related to selling or the number of goods or services sold in a given time period. The seller or the provider of the goods or services complete a sale in response to an acquisition, appropriation, requisition or a direct interaction with the buyer at the point of sale.


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