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A consignment agent is basically a person who is nominated in the bill of lading as the recipient of a shipment or cargo. This person, as the "official" recipient of the cargo (agent of the buyer of the goods) assumes the legal and financial responsibilities that may arise from the shipment. For example, with a container, the seal may only be broken by the customs agent at the port of destination and in the presence of the consignment agent. The consignment agent oftentimes also assumes the responsibility of issuing the paperwork associated with the importation of the goods.
What else can I help you with?
What do you mean by consignment?
The goods are sent to the agents for the purpose of sale on behalf of the producers and suppliers is known as consignment. The person wsho is consigning the goods is known as consignor or principal and to whom they are consignee or agent.
How do you record a journal entry for consignment sales?
debit consignment accountcredit consignment sales
Do you have to pay a fee for a international consignment delivery to the USA from a diplomatic agent?
Yes, international consignment deliveries to the USA from a diplomatic agent may incur fees, depending on the nature of the shipment and the agreements in place. While diplomatic shipments often enjoy certain exemptions from customs duties and taxes, specific handling or administrative fees may still apply. It’s advisable to consult the relevant diplomatic mission or logistics provider for detailed information on potential fees for a particular consignment.
Can a consignment account be a balance sheet for each consignment?
yes
How do you calculate the consignment stock?
consignment stock left unsold : **** + proportionate consignor's expenses : **** + non-selling expenses : **** consignment stock : #### ----
What is consignment software intended to be used for?
Consignment software is intended to be used in pawn shops and/or consignment shops. Pawn shops and consignment shops need a software that is capable of tracking 1000's of products a day and not losing information from people who bring their items to these shops. Consignment software is designed especially for pawn shops and consignment shops.
Make a sentence of consignment?
Barbara decided to gather up all her antiques and rare books and sell them on consignment. The word consignment is a noun.
When was Consignment - Mixtape - created?
Consignment - Mixtape - was created on 2012-04-27.
How do you spell consignment?
The correct spelling for "consignment" is C-O-N-S-I-G-N-M-E-N-T.
How do consignment shops work?
Consignment shops help people earn money for they used merchandise. People that wish to sell their items take them to a consignment shop. These individuals tell the consignment shop what they want to sell their items for. The consignment shop will then place the item on their sales for sale. When the item is sold the sell will collect their money minus any fees charged by the consignment shop.
Where would you get greeting cards on consignment?
Riverside cards offers a consignment service, check out their website.
How do you spell consighnment?
The correct spelling is consignment (selling items that are on loan).
