Accounting

There are — parties involved in consignment.
In consignment al! the expenses either paid by consignor himself or by the consignee are borne by
13. Goods sent on consignment do not become the of the consignee.
14. — is a report prepared by the consignee and sent to the consignor, which shows
detail about the sales of goods, expenses paid by the consignee etc.
In consignment — — remains with the consignor.
In sale ownership is transferred from to .
In sales expenses after delivery of gods are borne by the —.
Forwarding document in consignment is known as .
Forwarding document in sales is known as .
In consignment loss of goods fall on .
The consignee sells the goods according to the instructions of .
The consignor acts as a .
The consignee acts as an .
In sale, the relationship between the seller and the buyer is that of and

25. The remuneration of the consignee for selling the goods of consignor is called — .
26. is paid to consignee, if the loss on account of bad debts is borne by consignee.
27. — is paid to consignee to work hard to push a new line of product in the market.
Loss occurs due to the negligence of consignee will be debited to of the consignee.
In consignment, when discount is treated as 'consignment expense' it is debited to
account.
30. In consignment, when discount is treated as 'financial charge' it is debited to :—
account.
31. Loss occurs due to fire, accident, theft is known as .
loss can be controlled.
; loss reduce the value of stock.
Loss occurs due to natural causes is known as loss.
Loss due to leakage, loss in weight due to nature of goods is known as-1 loss.
36. — loss cannot be controlled.'
Normal loss the value of closing stock.
Abnormal loss the actual profit on consignment
Closing stock with consignee is valued at cost or market price whichever is — —.
40. expenses include all such expenses which have been incurred upto the time goods
have reached to agents selling place.
41. Consignment account is by nature a account
42. account shows profit or loss in consignment.