Differentiate between consignor and consignee?

Consignor is the person who is the owner of the goods and who deliver the goods to the consignee.
Consignee is the person who receives the goods and he just possesses the goods and not the owner.
it meens consignee is the vendor and consignor is the buyer The relationship between the Consignor and the Consignee is that of a principal and agent.

According to Accountancy Rules Cosigner is person who owns the goods and delivers the same goods, Consignee is the person who purchases and receives the goods.

Consignment:- goods for the purpose of business send to one place to another.
Consignor:- sender of consignment (Can be a person or Company) Consignee:- receiver of consignment (Can be a person or Company)

The word "consignment" can be generally defined as the "act of sending a quantity of goods by the manufacturers and producers of one country or place to their agents in another country or place for the purpose of sale".
The sender of the goods is called the "consignor".
Generally the manufacturers or producers are consignors.
The person to whom goods are forwarded for the purpose of sale is known as the "consignee".
Goods sent on consignment do not become the property of the consignee.
He has not bought them.
The ownership remains with the sender or the consignor.

Consigner is the owner of the goods or you can say he is the person who delivers the goods to the consignee. The consignee is the person who receives the goods.

 

A consignor is the owner of the goods to be sold while a consignee is the person tasked with the responsiblity of selling the goods.

A consignment is a placement of goods or property in the hands of an agent for sell or disposition.
The one who consigns his property to the agent is the consignor and the agent of the consignment is the consignee.
This is similar to lessor(owner) and lessee(renter.) The consignment is for a fee, and should be done with a contract stating in the terms the length or period of the contract, the amount of consideration, how damages will be handled, and the details of insurance and security.
Also, there may be brand specific requirements, as well as storage/transportation related issues.
The sale of the consigned property or the use or consumption of the property prior to sale, must be agreed to in detail.

Consignment is a technique to boost up volume of sales and earning more profit.
Consignor (may be a trading company, manufacturer/Producer, distributor, etc), who send goods to other person (within the boundary or beyond the boundary) for selling goods on commission basis.
Consignee (may be a retailer, distributor etc): who receive the the goods for selling purpose on commission basis and he sends back a Statement of Account on End of Each month or period.
The ownership of the goods remains with consignor.

The difference between Consignor and Consignee as below:- • A consignment always has a consignor and a consignee in the document prepared by the carrier or the transporter.
• Consignor is the sender of a consignment while the consignee is the receiver of the consignment.
• Consignee may be a buyer or just an agent who acts on behalf of the consignor.
• The ownership of the goods or the consignment remains with the consignor until the goods have been paid for in full by the consignee.

Consignor is the person who delivers the consignment to the consignee usually the buyer..

consignor:Send the money

consignee:accepted the money