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consignment

the delivery of goods âƒž books sent on consignment books sent overseas, where they will be kept by another company to be sold on the publisher\'s behalf for a commission. The consignee will send back sales reports and sales revenue, less commission, to the consignor at regular intervals.

COMMENT: On consignment deals are rarely favoured by accounting staff: it is difficult to establish whether a sale has been made, and the stock may have to be considered as if it were unsold warehouse stock. Ownership of the stock can prove difficult to establish in the case where the consignee goes into liquidation or is taken over (especially if, as usual, the consignee is in another country, operating under another legal system), and counting stock for valuation purposes is impossible.

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consignee		consignment note

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consignment

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consignee

consignment note