Accounting for Consignment Inventory Journal Entry

However, if the consignor has transferred the goods to another inventory account, they will revert the accounting treatment. Q.4 A Company consigned 200 boxes of ` 100 each at an invoice price of ` 120 per box. Agent received the consignment and paid ` 800 on carriage, ` 1000 on godown rent & charged 10% commission on sales. This […]