Consignment
Consignment is aales of goods through an agent who has possession but not ownership. Consignor The one who consigns merchandise to the consignee.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Consignment. Sales of goods through an agent who has possession but not ownership. Consignor The one who consigns merchandise to the consignee.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
