Consignment Accounting Problem Solving: Ledger Accounts and Transactions

The video tutorial covers consignment accounting, focusing on preparing ledger accounts for consigner and consignee. It explains the process of posting entries for sales, commissions, and expenses, and highlights the calculation of closing stock without quantity data. The tutorial concludes with balancing accounts and discussing the implications of Dell Credit Commission and bad debts.

What is the effect of bad debts on the consignee's accounts?

What is the total commission payable to Karan based on the sales?

What should be done with the balance in the consignment account at the end of the period?

What is the net income for the consignee after accounting for commissions and bad debts?