Accounting Accounts

account will be debited and
When goods are sold on credit by consignee
account will be credited in consignee's book.
account will be debited and
When goods are sold on credit by consignee -
— — account will be credited in consignor's book.
For commission in consignment — — account will be credited and
be debited in consignee's book.
account will be debited and
For commission in consignment
be credited in consignor's book.
For Del-credere commission
account will be credited and
will be debited in consignee's book.
account will be debited and
For Del-credere commission in consignment
will be credited in consignor's book.
For the goods.taken over by the consignee for personal use— will be credited in consignee's book.
will be debited and

For the goods taken over by the consignee for personal use
and account will be credited in consignor's book.
When cash is received from debtors by consignee -
account will be credited in consignee's book.
account will be debited
account will be debited and
In case of bad debts, if the consignee does not receive the Del-credere commission
account will be debited and — — account will be credited in consignee's book.
In case of bad debts, if the consignee receives the Del-credere commission
debited and account will be credited in consignee's book.
will be
account will be debited
account will be debited and
For unsold stock with the consignee
account will be credited in consignor's book.
For Abnormal loss of goods, the value of goods damaged,
and
account will be credited in consignor's book.
For the amount of insurance claim receivable, due to abnormal loss,
be debited and —:— account will be credited in consignor's book.
account will
When damaged goods are sold for cash by consignee
account will be credited in consignee's book.
account will be debited and
For final payment in cash to consignor by consignee —account will be credited in consignee's book.
For final payment in cash by consignee to consignor —
— account will be credited in consignor's book.
account will be debited and
account will be debited and
account
will be
account will be credited in consignor's book.
account will be debited and account will
•-
For final payment by accepting a bill by consignee in favour of consignor
will be debited and account will be credited in consignee's book.
For final payment by accepting a bill by consignee in favour of consignor
debited and account will be credited in consignor's book.
For profit earned on consignment For loss on consignment
be credited in consignor's book.