What Is Consinency, Profits, Losses, And Examples

What's a consignment? (ANTARA/Shabrina Zakaria)

Have you ever heard of a consignment? Consension is an agreement between the owners of goods that submit certain items to be sold by making certain contributions. For further explanation, see the understanding, profit and loss, and examples of consignments below.

According to Wijaya, Paramita, and Taufiq in the journal The Implementation of Accounting for Consumption Sales at the Prima Employee Cooperative of Wijaya Kusuma Hospital, consignment is an agreement when a party submits a number of goods to certain parties to be sold with the agreed commission.

According to Yunus and Harnanto, quoted from the book Basic Accounting for Advanced Finance, consignment is an agreement for a commission given by the owner of goods to parties who can sell a number of items (certain).

From this explanation, it can be concluded that the consignment is the sale that occurred because of the agreement between the party that entrusted it (the securityman) and the party entrusted with a number of goods to be sold and obtained a commission on the value of the goods sold.

In the consignment agreement, both parties must understand the benefits and disadvantages of consignment sales. The following is his explanation quoted from the journal by Ritonga with the title Analysis of Accounting for Consumption Sales.

The advantages of consignment transactions for (consignor) owners include the following:

The transaction advantages that can be obtained by the Commissioner (Consignee) include:

Lack of consignment transactions for Owners (Consignors) include:

Lack of transactions for the Commissioner (Consignee) is:

Quoted from a journal entitled Consumption Sales Between Big Producers and Small-Scale Retail Stores, consignments can occur because large companies are indeed targeting small and private-based retail stores. For example, on the side of the road, some products are sold such as snacks and products for the daily needs of the community around the shop.

As for the content of the Consion Sales of Bina Darma University, we can see the following examples. In early 2019, the champion CV entered into a consignment agreement with the Arena store. The contents of the agreement are:

That's a review of what consignments are and examples. Hopefully useful. Visit VOI.id to get other interesting information.