- AUDIT COMMITTEE
- LIABILITIES OF AN AUDITOR
- DUTIES OF AN AUDITOR
- RIGHTS OF AN AUDITOR
- Personal Qualities of Auditor
- QUALITIES OF AN AUDITOR
- AUDITOR IS A WATCH DOG AND NOT A BLOOD HOUND
- AUDITOR’S LIEN ON BOOKS OF ACCOUNTS
- STATUS OF AUDITOR
- PROCEDURE FOR REMOVAL OF AUDITOR
- REMOVAL OF AUDITOR
- REMUNERATION OF AUDITOR
- PROCEDURE FOR APPOINTMENT OF SUBSEQUENT AUDITOR
- AUDITOR’S DUTIES
- KINDS OF SINKING FUND
Accounting TagsAccounting & Control Accounting Definitions ACCOUNTS PARTNERSHIP Auditing auditing standards audit planning audit sampling Bank Reconciliation Statement BASIC TERMS BILLS OF EXCHANGE Business Profits Business Transaction Capital CAPITAL AND REVENUE Cash Book CASH TRANSACTIONS Completing the Cost Cycle For Job-Order CONSIGNMENT ACCOUNTS Cost Accounting Departmentalization errors and frauds EXTRA REVISIONARY PROBLEMS Factory Overhead Fundamentals of Financial Accounting internal control Kinds of Audit Labour Cost LEARNING OBJECTIVES: Material Control — Storing and Issuing Nature & Scope of Cost Accounting OBJECTIVE QUESTIONS PARTNERSHIP ACCOUNTS PRACTICAL PROBLEMS Previous Years University Papers PROBLEMS Process Costing PROMISSORY NOTE Rectification of Errors Revenue Sampling SHORT ANSWER QUESTIONS SINGLE ENTRY SYSTEM The Auditor Verification vouching
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Consignment Account definition with examples and formulaDefinition of Consignment Account with formula and example to solve the problems with the suitable solution using concept in accounting keeping in mind the limitations and errors. How to calculate Consignment Account with disadvantages and advantages using the rules in Cost and Management Accounting.
Q.1. Define Consignment. Ans. A consignment may be defined as an act of sending or shipment of goods by a trader or manufacturer to’his agent at some other place for the purpose of sale at his own risk. Q.2. How … Continue reading
SOME IMPORTANT TERMS (i) Consignment Account. (ii) Commission (iii) Del-Credere Commission (iv) Advance against consignment (v) Pro-Forma Invoice (vi) Account sales (1) Consignment Account: A separate consignment Account is opened for each consignment which shows the profit earned or loss … Continue reading