Consignment Accounting: Understanding Invoice Price and Loading Reversal

The video tutorial explains the concept of invoice pricing, where consigners send goods to consignees at a price higher than the cost to hide profits. It details how to calculate invoice price and loading, and how to record these transactions in consignment accounts. The tutorial also covers handling stock, abnormal losses, and the importance of reversing loading to reflect accurate costs. Finally, it explains the necessary journal entries and the treatment of closing stock in accounting.

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