What Is The Difference Between Consignment And Sales?

1.	What Is The Difference Between Consignment And Sales?
Answer» When the goods are delivered to the agent by the owner for selling purposes is known as consignment whereas a transaction in which goods are exchanged for a price is known as a sale. The Parties involved in consignment are Consignor and CONSIGNEE sharing the RELATIONSHIP of a PRINCIPAL and agent whereas the parties involved in sale are SELLER and buyer sharing the relationship of a creditor and debtor.

Answer»

When the goods are delivered to the agent by the owner for selling purposes is known as consignment whereas a transaction in which goods are exchanged for a price is known as a sale.
The Parties involved in consignment are Consignor and CONSIGNEE sharing the RELATIONSHIP of a PRINCIPAL and agent whereas the parties involved in sale are SELLER and buyer sharing the relationship of a creditor and debtor.

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