Hi

This course enables to understand accounting for Sale on Goods on Consignment and Sale of Goods on return basis.

Course consists of Prerecorded video lectures explaining concept ad example

The course is divided into 2 sections:

Section 1 : Sale of Goods on consignment basis

This section includes following concepts :

• Meaning of Sale on Consignment basis with example

• Meaning and explanation of Commission , Types of Commission ,Del Credere Commission

• Meaning and explanation of Account sale statement

• Meaning of Consignee

• Meaning of Consignor

• Journal Entries in books of Consignor and Journal Entries in the books of Consignee

• Valuation of Stock and Stock with consignee along with example

• Meaning of Normal loss and Abnormal loss of Inventory

• Difference between Normal loss and Abnormal loss of inventory

• Calculation of Normal loss and Abnormal loss and treatment of Normal loss and abnormal loss

• Solved Example of Goods sold on consignment basis. This includes journal entries in books of consignor and consignee.

Section 2 : Sale of Goods on Return basis

This section includes following concepts :

• Meaning of Sale of goods on return basis.

• Accounting when sale of goods is on casual basis (i.e not frequent) along with solved example

• Solved Example containing Accounting When Transactions for Sale on Return are numerous

• Solved Example containing Accounting When Transactions for Sale on Return are on frequent basis

Happy Learning

Vanijyavidya