For expenses incurred by consignor, this account is debited.

Commission on consignment is _________ to consignee.

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Goods are sent on consignment at

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Consignment expenses are incurred by

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These are the technical terms of consignment.

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These are the important ledger accounts in the books of Consignor.

Consignee has to prepare a statement to consignor which shows affairs relating to the consignment.

When goods are sold by consignee. The entries of consignee's books should be:

EM Company sent 50 boxes of goods at a cost of RM200 to their agent WM Company and paid freight and insurance amounting to RM1,200. WM Company received the goods consigned, and paid storage and packing expenses at a total of RM800. WM Company sold 40 boxes on credit at RM250 per box. However, 5 boxes of goods consigned were damaged after received by WM Company. Please calculate the unsold inventory.