This document contains accounting records and journal entries for various consignment transactions between consignors and consignees. It includes entries recording goods sent on consignment, sales by the consignee, expenses incurred, commissions earned, and the transfer of profits and unsold goods. The document demonstrates the double-entry accounting treatment of consignment arrangements across multiple parties' books.

1. Consignment Accounting
Dr. NGPASC
COIMBATORE | INDIA
Dr. N.G.P. ARTS AND SCIENCE COLLEGE
(An Autonomous Institution, Affiliated to Bharathiar University, Coimbatore)
Approved by Government of Tamil Nadu and Accredited by NAAC with 'A' Grade (2nd Cycle)
Dr. N.G.P.- Kalapatti Road, Coimbatore-641048, Tamil Nadu, India
Web: www.drngpasc.ac.in | Email: info@drngpasc.ac.in | Phone: +91-422-2369100
RAJAKRISHNAN M
Assistant Professor in Commerce CA

2. Dr. NGPASC
COIMBATORE | INDIA
Books of Malan (Consignor)
Consignment A/c
Date Particulars ₹ Date Particulars ₹
1/6/99
10/8/99
To Goods sent on
Consignment A/c
To Bank (Expenses)
To Paul (Expenses)
To Paul (Commission)
To Consignment Stock
Reserve
To Profit & Loss A/c (Profit)
2,00,000
20,000
4,000
9,675
4,000
17,825
31/3/99
31/3/99
By Paul (Sales)
By stock on
Consignment A/c
(W.N.1)
By Goods sent on
Consignment A/c
(Loading)
1,93,500
22,000
40,000
2,55,500 2,55,500
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3. Dr. NGPASC
COIMBATORE | INDIA
Books of Malan (Consignor)
Paul A/c
Date Particulars ₹ Date Particulars ₹
10/8/99 To Consignment A/c 1,93,500 10/6/99
10/8/99
31/3/99
By Bank
By Consignment A/c
By Consignment A/c
By Bank A/c ( B/f)
1,50,000
4,000
9,675
29,825
1,93,500 1,93,500
Goods Sent on Consignment A/c
Date Particulars ₹ Date Particulars ₹
10/8/99 To Consignment (Loading)
To Purchases A/c (transfer)
40,000
1,60,000
1/6/99 By Consignment A/c 2,00,000
2,00,000 2,00,000
11

4. Dr. NGPASC
COIMBATORE | INDIA
Books of Malan (Consignor)
Stock on Consignment A/c
Date Particulars ₹ Date Particulars ₹
10/8/99 To Consignment A/c 22,000 By Balance c/d 22,000
22,000 22,000
To Balance c/d 22,000
Consignment Stock Reserve A/c
Date Particulars ₹ Date Particulars ₹
10/8/99 To Balance c/d 4,000 10/8/99 By Consignment A/c 4,000
4,000 4,000
By Balance b/d 4,000
11

5. Dr. NGPASC
COIMBATORE | INDIA
Books of Paul (Consignee)
Malan A/c
Date Particulars ₹ Date Particulars ₹
1/1/99
10/8/99
To Bank A/c
To Bank A/c
To Commission A/c
To Bank A/c (B/f)
1,50,000
4,000
9,675
29,825
10/8/99 By Bank A/c 1,93,500
1,93,500 1,93,500
11

6. Dr. NGPASC
COIMBATORE | INDIA
Books of ‘C’ (Consignor)
Consignment A/c
Date Particulars ₹ Date Particulars ₹
To Goods sent on Consignment A/c
To ‘B’ A/c (Commission) (W.N.1)
To Stock Reserve A/c
(21,000 x 1/3)
To Profit & Loss A/c (Profit) (b/f)
90,000
10,500
7,000
24,500
By ‘B’ A/c (Sales)
By stock on
Consignment A/c
By Goods sent on
Consignment A/c
(Loading: 90,000 x 1/3)
81,000
21,000
30,000
1,32,000 1,32,000
12

7. Dr. NGPASC
COIMBATORE | INDIA
Books of ‘C’ (Consignor)
‘B’ A/c
Date Particulars ₹ Date Particulars ₹
To Consignment A/c
To Balance c/d
(21,000 x 80 / 100)
81,000
16,800
By B/R A/c
By Consignment A/c
(Commission)
By Bank A/c ( B/f)
72,000
10,500
15,300
97,800 97,800
Goods Sent on Consignment A/c
Date Particulars ₹ Date Particulars ₹
To Consignment A/c
To Trading A/c
30,000
60,000
By Consignment A/c 90,000
90,000 90,000
12

8. Dr. NGPASC
COIMBATORE | INDIA
Books of ‘C’ (Consignor)
Stock on Consignment A/c
Date Particulars ₹ Date Particulars ₹
To Consignment A/c 21,000 By Balance c/d 21,000
21,000 21,000
To balance b/d 21,000
Consignment Stock Reserve A/c
Date Particulars ₹ Date Particulars ₹
To Balance c/d 7,000 By Consignment A/c 7,000
7,000 7,000
By Balance b/d 7,000
12

9. Dr. NGPASC
COIMBATORE | INDIA
Books of Akilan (Consignor)
Consignment A/c
Date Particulars ₹ Date Particulars ₹
To Goods sent on Consignment A/c
(32,000 + 8,000)
To Bank A/c (Expenses)
To Saran A/c (Bad debts)
To Saran A/c (Commission) (W.N.1)
To Consignment Stock Reserve A/c
(32,000 x ¼ x 25/100)
To Profit & Loss A/c (Profit) (b/f)
40,000
3,000
800
4,800
2,000
7,150
By Saran A/c (Sales)
By stock on
Consignment A/c
(32,000 x 25/100)
By Goods sent on
Consignment A/c
(W.N.2)
39,000
8,000
10,750
57,750 57,750
14

10. Dr. NGPASC
COIMBATORE | INDIA
Books of Akilan (Consignor)
Saran A/c
Date Particulars ₹ Date Particulars ₹
To Consignment A/c
(Sales)
39,000 By B/R A/c
By Consignment A/c
(Bad debts)
By Consignment A/c
(Commission)
By Balance c/d
32,000
800
4,800
1,400
39,000 39,000
14

11. Dr. NGPASC
COIMBATORE | INDIA
Books of Saran (Consignee)
Akilan A/c
Date Particulars ₹ Date Particulars ₹
To Bills payable A/c
To Commission A/c
To Debtors A/c (Bad debts)
To Balance c/d
32,000
4,800
800
1,400
By Cash / Debtors A/c
(Sales) 39,000
39,000 39,000
14
Commission A/c
Date Particulars ₹ Date Particulars ₹
To Profit & Loss A/c 4,800 By Akilan A/c 4,800
4,800 4,800

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