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

Contract Account, contractee account is it an assets account or expenses Ac...

contractee account is it an assets account or expenses Account

Instalments basis of revenue recognition, Q. Instalments basis of revenue r...

Q. Instalments basis of revenue recognition? When accumulating the selling price of goods sold in monthly or annual instalments and considerable doubt exists as to collectabili

The comparative statements of lucille company are presented, The comparativ...

The comparative statements of Lucille Company are presented here. LUCILLE COMPANY Income Statements For the Years Ended December 31 First number are 2012 2012 then 2011

Computer based process solutions for accounts, Process Solutions provides a...

Process Solutions provides a computer-based document processing service. The accountant has produced the following analysis.   Standard Modifi

Explain about amortize, Q. Explain about Amortize? Amortize -- to charg...

Q. Explain about Amortize? Amortize -- to charge a regular part of an expenditure over a fixed period of time. Forinstance if something cost $100 and is to be amortized over te

Scott manufacturing co.''s static budget at 10, Scott Manufacturing Co.'s s...

Scott Manufacturing Co.'s static budget at 10,000 units of production includes $40,000 for direct labor and $4,000 for electric power. Total fixed costs are $23,000. At 12,000 un

Internal auditor, Internal Auditor: Internal Auditor is a worker of the or...

Internal Auditor: Internal Auditor is a worker of the organization in contrast to an external auditor who is paid a fee for his employment. The internal auditor is responsible for

Calculate the gross margin percentage, Q. Calculate the gross margin percen...

Q. Calculate the gross margin percentage? Calculate the gross margin percentage by using the following formula Grossmargin percentage = Grossmargin/Net sales To show th

City of Bingham, I need help with the journal entries for chapters 8 & 9 of...

I need help with the journal entries for chapters 8 & 9 of this project.

Example of horizontal analysis, Q. Example of horizontal analysis? Seve...

Q. Example of horizontal analysis? Several companies have been restructuring their organizations and reducing the number of employees to cut expenses. AT&T, General Motors, IBM

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd