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Problem 1. Define 'Consignment'. What is the difference between a consignment and a sale of goods?
Problem 2. Why goods are sent to consignee at invoice price? What adjustment entries are recorded in the books of the consignor to find profit on consignment when goods are invoiced at prices?
Problem 3. Give journal entries in respect of consignment transactions in the books of consignor and consignee.
Problem 4. Write short notes on:
a) Del Credere Commission
b) Treatment of normal and Abnormal Losses in Consignment Account
c) Valuation of Unsold Stock in Consignment
Financial Statement Analysis and Preparation
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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