Free help with homework

Why join Brainly?

  • ask questions about your assignment
  • get answers with explanations
  • find similar questions

Name the items which are recorded at the invoice price in the consignment account. give reasons for consigning the goods at the invoice price.



(i) opening stock (ii) goods sent on consignment (iii) goods returned by the consignee (iv) closing stock
1 3 1
1. Consignment stock at the beginning2. Goods sent on consignment3. Goods returned by the consignee4. Consignment stock at the end of the period It is a cost-effective method of pricing with onus of cost for storage and transport or handling - upon the immediate purchaser or the end-user. Maximize profit at the new sale price for old stock and thereby have fresh inventory in the seller's warehouse which normally fetch or attract customers in general.
1 3 1
The Brain
  • The Brain
  • Helper
Not sure about the answer?
Learn more with Brainly!
Having trouble with your homework?
Get free help!
  • 80% of questions are answered in under 10 minutes
  • Answers come with explanations, so that you can learn
  • Answer quality is ensured by our experts