Introduction to Consignment Accounting: Definition and Process

The video tutorial explains consignment accounting, focusing on the relationship between the consigner and consignee. It covers the process of appointing an agent to sell goods on behalf of the consigner, detailing the remittance process, expense deductions, and the roles of each party. The tutorial also discusses the ownership of goods, profit and loss distribution, and concludes with key points to remember about consignment transactions.

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