Consignment Accounts

Short Question Answers

Q1. Distinguish the differences between the Consignment and Sale

Q2. How the unsold stock is valued in consignment?

Q3. How the abnormal loss is valued in consignment?

Q4. List out some of the recurring and non-recurringexpenses of the consignor and consignee

Q5. Proforma of Consignment account in the books of Consignor