Konsinyasi dan Akuntansinya

What is meant by consignment?

• Sale of goods with a large discount

• Sale of goods by the owner directly to consumers

• Sale of goods by entrusting them to another party for sale

• Purchase of goods in large quantities for stock

• Transaction of buying and selling between companies

The party receiving goods in a consignment transaction is called…

• Consignor

• Consignee

• Commissioner

• Distributor

• Dealer

Consignment goods that have not been sold are still recorded as inventory by…

• Consignee

• Consignor

• Third party

• Commissioner

• End buyer

In the separate method, revenues and expenses related to consignment are recorded in the account…

• Inventory

• Regular sales

• Consignment goods

• Commission

• Other income

One of the advantages for the consignee in a consignment agreement, except…

• The risk of unsold goods can be avoided

• No need for large working capital

• Ownership of goods

• Receive commission from sales

• Unsold goods can be returned

The journal to record the shipping cost of consignment goods in the separate method is…

• Inventory (D), Cash (K)

• Consignment goods (D), Cash (K)

• Shipping cost (D), Cash (K)

• Commission (D), Cash (K)

• Consignment goods (D), Shipping cost (K)

The transaction 'Store XYZ sends cash that is the right of PT ABC' in the separate method is recorded as…

• Cash (D), Receivable-Commissioner (K)

• Consignment goods (D), Sales (K)

• Receivable-Commissioner (D), Cash (K)

• Inventory (D), Consignment goods (K)

• Commission (D), Consignment goods (K)

In the non-separate method, consignment costs are recorded as…

• Regular costs

• Inventory adjustments

• Ordinary operational expenses

• Additional income

• Gross profit

Consignment accounting is applied by…

• Only consignor

• Only consignee

• Both parties

• Third party

• Direct buyer

One of the main differences between the separate method and the non-separate method is…

• How to record revenue

• How to record inventory

• Separation of consignment profit/loss from regular

• How to calculate commission

• Revenue recognition by the consignee