Complete consignment accounting online training with a course completion certificate.
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Enrolled Learners: 158
Validity Period: 365 days
50% Cashback as letstute Coins
Learn entire accounting with problem-solving (consisting of 20 sessions) on Consignment with our Consignment Accounting course. Consignment refers to an arrangement whereby goods are sent by their owner to an agent who holds and sells the goods on behalf of the owner for a commission. Note that the consignment is different from the sale of goods. So watch out for the session to understand the difference between both. The owner of the goods who send goods on consignment is known as Consignor and the agent who sells the goods for the commission is known as Consignee.
So here, we will understand the complete consignment accounting with journal entries and ledger accounts in the books of the consignor and consignee.
Also, we need to find the value of unsold goods lying with consignees at the end of the year-end. Here it is important to note that the consignee is never the owner of the goods. He only has physical possession of the goods but the ownership always lies with the consignee. So here we will also understand the valuation of closing stock.
What Will You Be Learning
This accounting course consists of simple and logical explanatory videos on all the topics of Consignment along with various problems solving sessions which cover all the different varieties of concepts and adjustments and lastly the tips video on the mistakes to avoid in Consignment accounting.
Who Can Apply?
Benefits Of Taking This Course
On completion of this course, your knowledge of Consignment Accounting will be stronger. This course consists of a total of 20 sessions which will make Consignment Accounting very easy and interesting with a deeper knowledge of the entire topic. Explanatory videos ensure complete concept understanding. Problem-solving sessions help in applying your knowledge to solve various problems. Tips video helps in revising the entire chapter and common mistakes to avoid in exams.
In short, it is an interesting and complete course on consignment fulfilling all the needs.
|Consignment Accounting - Introduction 6:00||Preview|
|Consignment Accounting - Basic Terminologies 6:00||Preview|
|Consignment Accounting - Types of Commission 5:00|
|Difference between Consignment and Sales 15:00|
|Consignment Accounting Cycle - Basic Accounting Transactions 9:00|
|Consignment Accounting - Basic Journal Entries 7:00|
|Consignment Accounting - Advance Journal Entries 27:00|
|Consignment Accounting - Del-credere Commission - Journal Entries 18:00|
|Consignment Accounting - Valuation of Stock on Consignment 22:00|
|Consignment Accounting - Valuation of Goods-in-Transit 24:00|
|Consignment Accounting - Goods sent on Consignment at Invoice Price 10:00|
|Consignment Accounting - Advance money received from Consignee as Security Money 29:00|
|Consignment Accounting - Problem solving 1 33:00|
|Consignment Accounting - Problem solving 2 30:00|
|Consignment Accounting - Problem solving 3 21:00|
|Consignment Accounting - Problem solving 4 27:00|
|Consignment Accounting - Problem solving 5 30:00|
|Consignment Accounting - Problem solving 6 11:00|
|Consignment Accounting - Problem solving 7 11:00|
|Mistakes to Avoid in Consignment Accounting 19:00|
|What is Consignment? (MCQ)|
|2.Basic Terminologies of Consignment (MCQ)|
|3.Types of Commission in Consignment (MCQ)|
|4.Consignment Vs Sales (MCQ)|
|5 tips for spoken English|
|6.Advance Journal Entries of Consignment (MCQ)|
|7.J.E Del-Credere Commission (MCQ)|
|8.Consignment Accounting-2 Quiz (MCQ)|
|9.Goods Sent at invoice price on Consignment (MCQ)|
|10.Advane receive on consignment as security Money(MCQ)|
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