Difference between consignor and consignee, Accounting Basics

Assignment Help:

Consignor is the person who is the holder of the goods and who distribute the goods to the consignee.

Consignee is the person who takes the goods and he just possesses the goods and not the holder.

Related Discussions:- Difference between consignor and consignee

Demonstrate perpetual inventory procedure, Q. Illustrate perpetual inventor...

Q. Illustrate perpetual inventory procedure? Data from Exhibit serves like the basis for some of the entries. You would debit the Merchandise Inventory account to record the en

Change in accounting method for inventory, Q. Change in accounting method f...

Q. Change in accounting method for inventory? Occasionally companies vary inventory methods in spite of the principle of consistency. Improved financial reporting is the merely

Prepare a multiple-step income statement, Prepare a Multiple-Step Income St...

Prepare a Multiple-Step Income Statement based on the information presented in problem 4 above. Answer :

Liquidity ratios (short term solvency ratios), Liquidity Ratios (Short Term...

Liquidity Ratios (Short Term Solvency Ratios): These Ratios calculate the capability of the firm to meet its current obligations. They point out whether the firm has enough li

Uses of technology in accounting, Q. Uses of technology in accounting? ...

Q. Uses of technology in accounting? The computers of persons in a given building or department are frequently connected in a Local Area Network (LAN). These persons are able t

Institute of management accountants, The Institute of Management Accountant...

The Institute of Management Accountants previously the National Association of Accountants is an organization with approximately 70,000 members consisting of management accountants

Final accounts, stpes to be taken prepaing for final accounts

stpes to be taken prepaing for final accounts

Role of government in a mixed economy, Government: In a mixed economy this...

Government: In a mixed economy this is seems to be the duty of the Government to direct the operation of the economic system in that a way which it subseries the general good. Con

What is current ratio in terms of accounting, Q. What is current ratio in t...

Q. What is current ratio in terms of accounting? The current ratio specifies the short-term debt-paying ability of a company. To find the current ratio we divide current assets

Cost concept, The resources as machinery, property, buildings and land righ...

The resources as machinery, property, buildings and land rights etc. such a business owns are termed as assets. The money values allocated to assets are derived from the cost conce

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages