Difference between Consignment & Sales in Hindi | #32

Consignment and sales are two different types of business transactions that involve the transfer of goods from one party to another. There are several key differences between consignment and sales:

Ownership: In a consignment, the owner of the goods (the consignor) retains ownership of the goods until they are sold by the consignee. In a sale, ownership of the goods is transferred from the seller to the buyer at the time of the sale.

Risk: In a consignment, the risk of loss or damage to the goods remains with the consignor until the goods are sold. In a sale, the risk of loss or damage to the goods is transferred to the buyer at the time of the sale.

Payment: In a consignment, the consignee does not pay for the goods until they are sold. In a sale, the buyer pays for the goods at the time of the sale.

Control: In a consignment, the consignee has control over the goods and is responsible for storing, displaying, and selling the goods. In a sale, the buyer has control over the goods and is responsible for their use and disposition.

Accounting: In a consignment, the consignee does not record the goods as inventory until they are sold. In a sale, the buyer records the goods as inventory at the time of the sale.

Consignment and sales are both common business transactions that can be used in a variety of different contexts. It is important for businesses to understand the key differences between these two transactions in order to properly account for and manage their financial affairs.

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