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Consignment

What type of account is Goods sent on consignment?


krithika balu

krithika balu

CA Foundation

0

02-Oct-20 17:50

55

Answers (7)

Nominal.


Suraj Lakhotia

Suraj Lakhotia

Admin

02-Oct-20 19:05

Suraj Lakhotia Admin

Nominal.

Sir But why do we credit it on the journal entry Consignment a/c dr To Goods sent on consignment a/c


Thread Starter

krithika balu

krithika balu

CA Foundation

0

02-Oct-20 20:19

Thread Starter

krithika balu

Sir But why do we credit it on the journal entry Consignment a/c dr To Goods sent on consignment a/c

Have you finished watching the video on consignment?


Suraj Lakhotia

Suraj Lakhotia

Admin

02-Oct-20 21:22

Suraj Lakhotia Admin

Have you finished watching the video on consignment?

No sir...i am in starting of consignment ledger


Thread Starter

krithika balu

krithika balu

CA Foundation

0

02-Oct-20 22:43

Thread Starter

krithika balu

No sir...i am in starting of consignment ledger

All the logics and reasons have been explained. ONce you finish the lectures, if you have doubt, feel free to ask.


Suraj Lakhotia

Suraj Lakhotia

Admin

03-Oct-20 07:24

That is all right

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Vikas Shaw

Vikas Shaw

CA Inter

5

03-Oct-20 19:44

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