If goods taken over by consignee, then how to treat this in consignment Account?

Question added by Sayan Tarafdar
Date Posted: 2017/12/16

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Why in certain cases goods are invoiced higher than the cost price in consignment accounting by the consignor?
Top Answer: <h3>I think this is the result of customs evasion </h3> <h3> Sometimes some of the tra ... See More

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How valuation of unsold stock/closing stock is made in consignment accounting?
Top Answer: <p>When all the goods sent on consignment have not been sold by the consignee at the time of prepar ... See More

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What is called “consignment accounting”?
Top Answer: <p>Consignment occurs when goods are sent by their owner (the consignor) to an agent (the consignee ... See More

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What is “normal loss” and “abnormal loss” in consignment accounting?
Top Answer: <span><span>Ordinary loss</span>, a <span>loss</span> <span>occurrin ... See More

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