12 August 2013
What is the difference between normal purchase and consignment ? How to identify which purchase ia an ordinary one and which is consignment?
19 August 2013
PURCHASES FROM REGULAR PARTIES ARE NORMAL PURCHASES. THE TERM CONSIGNMENT IS DIFFERENT.
HERE AGENT AND PRINCIPAL ARE INVOLVED. PRINCIPAL WILL SEND THE MATERIALS TO AGENT ON STOCK TRANSFER (CONSIGNMENT ACCOUNT) BASIS AND IF ANY PURCHASE IS MADE FROM THAT ACCOUNT WILL BE CONSIGNMENT PURCHASE.
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