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Mention the differencebetween consiner and consinee?
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Answer / raju
Consigner: He who desptaches or sell the goods
Consignee: He who receives of buys the goods
| Is This Answer Correct ? | 15 Yes | 2 No |
Answer / guest
person who sells the goods is consignor and the person who
recieves is consignee
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / sridharan
Person who sells the goods is consignor.And the person to
whom the Goods are sent is consignee.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / priya
Consignor-he is the owner
Consignee-he is the agent who sells on behalf of the owner
Consignment is the transaction of sending goods by one
person to another.The goods are sent the agent on behalf
and risk of the owner.The person who sends the goods is
known as consignor and to whom thegoods are being sent is
known as consignee ,he is gien his expenses and comission
for the sales he made.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / srinivas annavarapu
Consignor is the Supplier of the material to Consignee
and Consignee is the person who acts as an agent to the
consignor and sells the material to the end user /
retailers.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / nitesh kumar
The consignor sends, the consignee is the receiver.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / nizar
Consigner = seller or giver
Consigned. = buyer or receiver
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / venkatesh
Consigner:Who sells the goods are mediator of the
transaction.
Consignee: Who finally used the goods are utilisation of
goods
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / kaushal jha.
Consigner: The person who desptaches or sell the goods To
other persons. and
Consignee: The person who receives goods from buys .
| Is This Answer Correct ? | 0 Yes | 3 No |
2. You are required to prepare a Profit & Loss Account for the year ending 31st December, 2007 and the Balance Sheet on that date. The Trial Balance of XYZ Ltd. for the year ended 31st December 2007 is as follows:- Trial Balance of XYZ Ltd. as on 31st Dec. 2007 Debit Balances Rs. Credit Balances Rs. Materials used 3,50,000 Sales(including 2% Sales tax) 9,18,000 Cost of Labour 1,50,000 Sale of Scrap 100 Stock, finished and work in process on 31st December, 2006 50,000 Rent received 2,000 Wages : Factory Staff 15,000 Discounts 2,750 Directors Remuneration 50,000 Recovered against fire claim re : Stock 5,000 Salaries : Clerical Staff 75,000 Capital : Equity 25,000 Insurances : Workmen’s Compensation 1,500 Preference- 9% 8,000 General, fire etc. 2,000 Creditors 1,56,000 Directors’ Life Insurance 1,500 Provision for Taxation 1,05,000 Maintenance : Buildings 1,000 Profit & Loss Account 13,750 Plant and Machinery 12,500 Rent and Rates of premises and hire of plant 20,000 Heat, Light and Power 15,000 Experimental and Laboratory Expenses 10,000 Canteen Expenses 5,000 Staff Welfare expenses 2,500 Motor Expenses 12,500 Professional Charges 2,800 Postage and Telephone 3,500 Books, Printing and Stationery 11,000 Sundry expenses 10,000 Carriage and Packing on Sales 3,300 Discounts 5,000 Debtors 1,78,000 Freehold Property 50,000 Plant and Machinery 12,500 Fixtures and Fittings – Offices 3,500 Office machinery and Equipment 3,000 Motor Car and Van 6,500 Stock of materials on 31st Dec. 2007 1,20,000 Bank 38,000 Sales Tax Paid 15,000 12,35,600 12,35,600 Depreciation is to be provided at the following rates: Plant and Machinery 10% Fixture and Fittings 05% Office Machinery, etc. 10% Motor Vans and Cars 25% The stock of finished goods and work in progress as on 31st December, 2007 was Rs. 35,000. Provide for preference dividend and ordinary dividend at 10%. The total taxation liability is estimated at Rs.1,50,000 of which Rs. 75,000 relates to the current year. Debtors include Rs. 10,000 deposited as security against government contracts. The Works Manager is paid partly by salary and partly by a commission; he is entitled to a commission of 5% on the amount by which the surplus in the factory cost exceeds 20% of the sales for the period. Charge the commission if any in the Profit and Loss Account.
those who finished +2 accounts groups please give me +1 and +2 accounts books if any one have please mail me rbharath1978@gmail.com i need it urgent please help me
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