Distinction between Consignment and sale
Distinction between Consignment and sale
|
Consignment |
Sale |
|
· Ownership of goods
is not transferred to consignee. · Consignee is not liable for losses. · All expenses are born by consignor. · The document sent along with goods sent to consignee is
called 'Performa invoice". · Consignee does not become debtor on receipt of goods. He
becomes debtor on sale of goods. · Consignee receives commission on sale of goods. |
· Ownership of goods is transferred to the buyer. · Buyer is liable for losses. · Buyer meets his own expenses. · The document sent on sale of goods is called 'Invoice'. · Buyer becomes debtor immediately on receipt of goods. · Buyer does not receive any commission. He earns profit
on sale of goods. |
Demo Classes of Accounts (CA/CMA/CS/B.Com/11-12th) by CA/CMA Santosh Kumar Sir
Visit Website: https://www.conceptonlineclasses.com/
#DistinctionbetweenConsignmentandsale
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