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In This Video We Will Discuss Consignment All Concepts, Problems and Examples for CA Foundation and CA Foundation Accounts Chapter -6 ( Unit-3 ) has been Discussed By Chandan Poddar Sir For CA Foundation Grooming Education. ⚫ CA Foundation 9.0:- https://escholars.in/p/ca-foundation-... ⚫ CA Foundation Individual Courses:- https://escholars.in/store/ca-foundat... ⚫ Self-Study Set: CA Foundation (For YouTube and Self-Study Students):- https://escholars.in/p/self-study-set... ⚫ Perfect Revision: CA Foundation Revision book:- https://escholars.in/p/perfect-revisi... ⚫ CA Foundation Perfect Practice Books:- https://escholars.in/store/books/1685... ⚫ Free All India Challenge Test Series:- https://escholars.in/p/all-india-chal... ⚫ CA Foundation Past Years Question Paper With Suggested Answers:- https://escholars.in/store/ca-foundat... ⚫ Download Our Escholars AI App:- https://play.google.com/store/apps/de... Watch Next:- ⬤ Inventory Valuation Chapter In Single Video:- • Inventory Valuation Complete Chapter | CA ... ⬤ Final Accounts Chapter In Single Video:- • Final Accounts Complete Chapter | CA Found... Topics Covered:- Introduction Valuation of closing stock Valuation of abnormal loss Practical questions solved Treatment of normal loss Types of commission Goods sent on invoice price loading Practical questions based on loading concept Time Stamp: 0:00 Intro 0:15 Consignment 6:38 Books of Consigner 30:19 Valuation of Closing Stock 49:01 Valuation of Abnormal Loss 1:29:08 Normal Loss 1:50:41 Types of Commission Consignment is an arrangement in which goods are left in the possession of an authorized third party to sell. Typically, the consignor receives a percentage of the revenue from the sale (sometimes a very large percentage) in the form of commission. Consignment deals are made on a variety of products, such as artwork, clothing and accessories, and books. Some types of retail sales may be viewed as a special form of consignment where producers rely on retail stores to sell their products to consumers, although secondhand stores and thrift stores are more typically associated with the practice of consignment. Consignment arrangements, however, would not include retailers such as Walmart or most supermarkets, which purchase goods outright from wholesalers and then sell their items at a markup. Advantages of Consignment Selling on consignment is a great option for an individual or business that does not have a brick-and-mortar presence, although consignment arrangements can also exist in cyberspace. To a certain degree, online companies such as eBay are consignment shops; for a percentage of the sale, they offer people a marketplace to exhibit and sell their wares. This removes the necessity for an individual to have to create their own website, attract customers, and set up payment processes. Likewise, items marketed and sold through television channels—such as the as-seen-on-TV phenomenon—are forms of consignment. Sellers who do not have the time or the desire to advertise their product for sale, to take time off work to accommodate prospective buyers' schedules, to conduct pricing research, and to endure the tasks associated with selling an item firsthand often find that consignment fees are a small price to pay to put the work in someone else's hands, particularly if they are successful in negotiating a low fee. Consignment Payment Structure A person wishing to sell an item on consignment delivers it to a consignment shop or a third party to do the selling on their behalf. Before the third party takes possession of the good, an agreement must be reached as to the revenue split when the item is sold. CA foundation: Grooming education academy is engaged in providing qualitative commerce education to society at concessional prices. We believe in Research, reasoning and result and thus our learners admit our USP of: "Pioneer in developing concepts". We provide the complete tutorials for CA foundation. To know about the courses and books that best suits your requirement call at our helpline number: 𝟖𝟖𝟖 𝟖𝟖𝟖 𝟎𝟒𝟎𝟐 𝐕𝐢𝐬𝐢𝐭 𝐎𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 to know more about the courses available: https://www.escholars.in/ 𝐉𝐨𝐢𝐧 𝐨𝐮𝐫 𝐭𝐞𝐥𝐞𝐠𝐫𝐚𝐦 𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐟𝐨𝐫 𝐝𝐚𝐢𝐥𝐲 𝐮𝐩𝐝𝐚𝐭𝐞𝐬:::: https://t.me/cafoundationgrooming 𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 𝐏𝐚𝐠𝐞: / groomingeducationacademy 𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦 𝐏𝐚𝐠𝐞: / groomingeducationacademy 𝐓𝐰𝐢𝐭𝐭𝐞𝐫 𝐏𝐚𝐠𝐞:: / academygrooming 𝐋𝐢𝐧𝐤𝐞𝐝𝐈𝐧 𝐏𝐚𝐠𝐞: / grooming-education-academy 𝐏𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐏𝐚𝐠𝐞: / groomingeducation #CAFoundation #Consignment #ChandanPoddar #ICAI #Accounts