CONSIGNMENT & JOINT VENTURE

1. UNIT II CONSIGNMENT & JOINT VENTURE Consignment Meaning Consignment is an arrangement where goods are sent by consignor to consignee for the purpose of sale... Features of Consignment Ownership remains with consignor; consignee acts as agent; expenses divided into recurring and non-recurring... Difference between Consignment and Sale Consignment does not transfer ownership; sale transfers risks and rewards... Goods Sent at Cost Price & Invoice Price Invoice price includes loading; necessary adjustments must be made for unrealized profit... Joint Venture Meaning Temporary partnership between co-venturers for specific business purpose... Separate Set of Books Joint venture account, co-venturers account maintained independently... Individual Books Each co-venturer records only their own transactions... Consignment is an arrangement where goods are sent by consignor to consignee for the purpose of sale... Ownership remains with consignor; consignee acts as agent; expenses divided into recurring and non-recurring... Consignment does not transfer ownership; sale transfers risks and rewards... Invoice price includes loading; necessary adjustments must be made for unrealized profit... Temporary partnership between co-venturers for specific business purpose... Joint venture account, co-venturers account maintained independently... Each co-venturer records only their own transactions... Consignment is an arrangement where goods are sent by consignor to consignee for the purpose of sale... Ownership remains with consignor; consignee acts as agent; expenses divided into recurring and non-recurring... Consignment does not transfer ownership; sale transfers risks and rewards... Invoice price includes loading; necessary adjustments must be made for unrealized profit... Temporary partnership between co-venturers for specific business purpose...

2. Joint venture account, co-venturers account maintained independently... Each co-venturer records only their own transactions... Consignment is an arrangement where goods are sent by consignor to consignee for the purpose of sale... Ownership remains with consignor; consignee acts as agent; expenses divided into recurring and non-recurring... Consignment does not transfer ownership; sale transfers risks and rewards... Invoice price includes loading; necessary adjustments must be made for unrealized profit... Temporary partnership between co-venturers for specific business purpose... Joint venture account, co-venturers account maintained independently... Each co-venturer records only their own transactions... Consignment is an arrangement where goods are sent by consignor to consignee for the purpose of sale... Ownership remains with consignor; consignee acts as agent; expenses divided into recurring and non-recurring... Consignment does not transfer ownership; sale transfers risks and rewards... Invoice price includes loading; necessary adjustments must be made for unrealized profit... Temporary partnership between co-venturers for specific business purpose... Joint venture account, co-venturers account maintained independently... Each co-venturer records only their own transactions... Consignment is an arrangement where goods are sent by consignor to consignee for the purpose of sale... Ownership remains with consignor; consignee acts as agent; expenses divided into recurring and non-recurring... Consignment does not transfer ownership; sale transfers risks and rewards... Invoice price includes loading; necessary adjustments must be made for unrealized profit... Temporary partnership between co-venturers for specific business purpose... Joint venture account, co-venturers account maintained independently... Each co-venturer records only their own transactions...

3. Consignment is an arrangement where goods are sent by consignor to consignee for the purpose of sale... Ownership remains with consignor; consignee acts as agent; expenses divided into recurring and non-recurring... Consignment does not transfer ownership; sale transfers risks and rewards... Invoice price includes loading; necessary adjustments must be made for unrealized profit... Temporary partnership between co-venturers for specific business purpose... Joint venture account, co-venturers account maintained independently... Each co-venturer records only their own transactions... Consignment is an arrangement where goods are sent by consignor to consignee for the purpose of sale... Ownership remains with consignor; consignee acts as agent; expenses divided into recurring and non-recurring... Consignment does not transfer ownership; sale transfers risks and rewards... Invoice price includes loading; necessary adjustments must be made for unrealized profit... Temporary partnership between co-venturers for specific business purpose... Joint venture account, co-venturers account maintained independently... Each co-venturer records only their own transactions... Consignment is an arrangement where goods are sent by consignor to consignee for the purpose of sale... Ownership remains with consignor; consignee acts as agent; expenses divided into recurring and non-recurring... Consignment does not transfer ownership; sale transfers risks and rewards... Invoice price includes loading; necessary adjustments must be made for unrealized profit... Temporary partnership between co-venturers for specific business purpose... Joint venture account, co-venturers account maintained independently... Each co-venturer records only their own transactions... Consignment is an arrangement where goods are sent by consignor to consignee for the purpose of sale... Ownership remains with consignor; consignee acts as agent; expenses divided into recurring and

4. non-recurring... Consignment does not transfer ownership; sale transfers risks and rewards... Invoice price includes loading; necessary adjustments must be made for unrealized profit... Temporary partnership between co-venturers for specific business purpose... Joint venture account, co-venturers account maintained independently... Each co-venturer records only their own transactions... Consignment is an arrangement where goods are sent by consignor to consignee for the purpose of sale... Ownership remains with consignor; consignee acts as agent; expenses divided into recurring and non-recurring... Consignment does not transfer ownership; sale transfers risks and rewards... Invoice price includes loading; necessary adjustments must be made for unrealized profit... Temporary partnership between co-venturers for specific business purpose... Joint venture account, co-venturers account maintained independently... Each co-venturer records only their own transactions... Consignment is an arrangement where goods are sent by consignor to consignee for the purpose of sale... Ownership remains with consignor; consignee acts as agent; expenses divided into recurring and non-recurring... Consignment does not transfer ownership; sale transfers risks and rewards... Invoice price includes loading; necessary adjustments must be made for unrealized profit... Temporary partnership between co-venturers for specific business purpose... Joint venture account, co-venturers account maintained independently... Each co-venturer records only their own transactions... Consignment is an arrangement where goods are sent by consignor to consignee for the purpose of sale... Ownership remains with consignor; consignee acts as agent; expenses divided into recurring and non-recurring... Consignment does not transfer ownership; sale transfers risks and rewards...