Revenue on Consignment Explained | CA Inter AS 9 | When Does the Consignor Record Sales? 📦 | Concept
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YouTubeSUDARSHAN AGRAWAL
Revenue on Consignment Explained | CA Inter AS 9 | When Does the Consignor Record Sales? 📦 | Concept
In a consignment arrangement, the Consignor is the original owner of goods and the Consignee acts like an agent selling goods on behalf of the consignor. A very important accounting point is this: Sending goods to the consignee does not mean a sale has happened. Why? Because the ownership risk and control of goods still remain with the ...
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