Accounting Entries in the Books of Consignee:

Accounting Entries in the Books of Consignee:
(1)	When consignment goods are received:-
	No entry is made in the books of account. The consignee is not the owner of the goods and therefore he makes no entry when he receives the goods.
(2)	For expenses incurred by the consignee:-
	Consignor's personal account
	To Cash account
(3)	When advance is given:-
	Consignor's personal account
	To Cash or bills payable account
(4)	When goods are sold:-
	Cash or bank account
	To Consignor's personal account
(5)	For commission due:-
	Consignor's personal account
	To commission account
The consignor's account will be closed by debiting it with cash or final bill or draft in settlement.