Consignment Accounting Cycle | Consignment Accounting | Letstute Accountancy

Hello Friends,
Checkout our Video on Basic Transactions of Consignment Accounts | Consignment Accounting
By CA Sonali Doshi

Time Stamp
0:00 Summary
0:35 Goods sent on consignment
0:57 Consignor's Expense
1:40 Advance paid by the consignee
2:25 Sale of Goods
3:04 Commission Charged on consignment
3:55 Commission Charged on consignment
4:15 Profit/Loss on Consignment
4:39 Settlement with Consignee
5:22 Closing Ledger Accounts
5:35 Summary

Watch our session on the Cycle of Journal Entries on Consignment.
This will give you a clear idea about
What are the Journal entries required to be passed on consignment process?
The Basic Transactions are:
1. Goods sent on consignment
2. Consignor's Expense
3. Advance paid by consignee
4. Consignee's Expense
5. Sale of Goods
6. Commission Charged on consignment
7. Valuation of Closing Stock
8. Profit/Loss on Consignment
9. Settlement with Consignee
10. Closing Ledger Accounts
It is very useful for your revision purpose!!

Useful for students of FYBCOM sem - II, M.com, BCom, CA, CA Final, CA-CPT, IPCC, CMA and to anyone who wishes to learn the consignment.

Checkout our online courses on Accounting
http://bit.ly/accounting-online-course Enroll now & Get access for 3 Days trial period
Enjoy 20% discount on all our courses Use Coupon code Study20

You Can Also Buy Our Courses @
Amazon:-
https://amzn.to/2Tl0m4I
Flipkart:-
http://bit.ly/2V0chpf
Udemy:-
https://bit.ly/2N2zjZE


For more Videos
SUBSCRIBE:-    / letstuteaccountancy  

Follow Us On Social Media
Facebook Page:-   / letstutepage  
Instagram:-   / letstute  
Whatsapp:- https://wa.me/917506363600
Telegram:- https://t.me/letstute
Pinterest:-   / letstute  
linkedin:-   / letstute  
Twitter:-   / letstute  

Subscribe Our Other Channels.
Letstute:-    / letstute  
Letstute Hindi:-    / letstuteinhindi  
Letstute CBSE MATH:-    / letstutecbsemath  
V2Lead (Values To Lead)    / v2leadvaluestolead  
#letstute #letstuteaccountancy #consignment