Consignment Accounts

Consignment account is the account which is created when the goods are sent ion consignment in which 2 parties are there one is consignor & other is consignee. Accounting treatment of consignment account when goods are sent on consignment is Consignment is debited and goods sent on consignment are credited.

Valuation of Unsold Stock Or Closing Stock in Consignment Accounting

Sana Ahmed Accounting For Consignment, Consignment Accounts

Valuation of Unsold Stock Or Closing Stock in Consignment Accounting: Learning Objectives: How is the closing stock or unsold stock laying with the consignee valued?. The valuation of stock laying with the consignee at the time of final closing of the account of the