Thank you so much for this explanation!!! I have a business case exam coming up and consignment was an issue for me. Now I finally get it thatnk you for the detailed explanation!!!:)
@@AccountingLectures can you make one video on consignment accounting having VAT 5%. I will be very thankful to you. Also make lectures on computerized accounting such as Quickbooks and Peachtree.
@@AccountingLectures Why the 10000 of the freight cost was not divided into their ratio only. Why we add all the 10000 of the freight cost the sold inventory only. What about the remaining inventory costs for their freight cost
What if the automation took control of the majority of accounting tasks? CPA accreditation is gonna be wasted and useless ? That is inevitable no doubt!
Excellent lecture, like other ones
Thank you so much for this explanation!!! I have a business case exam coming up and consignment was an issue for me. Now I finally get it thatnk you for the detailed explanation!!!:)
Glad it helped! Check my website for more: farhatlectures.com/
great explanation sir
Keep watching! Thank you and please visit the website for more farhatlectures.com/
Excuse me what about the the transportation cost not included in calculating the cost of goods sold
Thanks man youre a life saver
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thank you sir! great explanation
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Superb
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Thank you so much that was so clear.
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Thank you 👍
Thank you and please visit the website for more farhatlectures.com/
Great explanation in theory works amazing. But a ERP should require a few steps extra to complete the cycle
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u are amazing bro
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Are consignment sales vulnerable to fraudulent reporting?
How about 5% VAT to be paid to government on the sales.
I don't cover VAT
@@AccountingLectures can you make one video on consignment accounting having VAT 5%. I will be very thankful to you. Also make lectures on computerized accounting such as Quickbooks and Peachtree.
@@AccountingLectures
Why the 10000 of the freight cost was not divided into their ratio only. Why we add all the 10000 of the freight cost the sold inventory only. What about the remaining inventory costs for their freight cost
What if the automation took control of the majority of accounting tasks? CPA accreditation is gonna be wasted and useless ? That is inevitable no doubt!