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A.Jay A.Jay
wrote...
Posts: 273
5 years ago
What is a consignment sale?
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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wrote...
5 years ago
 A consignment sale is an arrangement where a seller (consignor) delivers goods to a third party (consignee), who sells the goods to a customer. A consignment sale is an example of a principal-agent arrangement. The agent records only the revenue that he or she receives in commissions, while the principal records the revenue from the sale.
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