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When is revenue recognised for consignment sales?

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βˆ™ 2008-11-07 16:10:42

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Revenue is recognized for consignment sales by the supplier after the retailer (whom the goods were delivered on consigmnet to) has sold those goods. So, if 100 items were consigned too a retailer by a supplier, and the retalier sells 20 of those items; then only the revenue from the 20 items sold by the retalier are recognized as income by the supplier.

2008-11-07 16:10:42
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