Understanding Consignment: Meaning and Examples
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📦 CONSIGNMENT ACCOUNT EXPLAINED! ✨ A smart way businesses sell goods without taking big risks. A Consignment Account is an accounting system where one person (the Consignor) sends goods to another person (the Consignee) to sell on their behalf. The consignor still owns the goods until they are sold, while the consignee earns a commission for helping to sell them. This method helps businesses: ✅ Reduce risk ✅ Reach more customers ✅ Track goods and sales easily ✅ Understand profit clearly ✅ Build
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