This article discuss the major difference/distinction between consignment and joint venture
 
 

        Parties:

In consignment, the parties are the consignor and consignee whilst in a joint venture the parties are called co-ventures

          Relationship:

In consignment, it is principal and agent relationship whilst in a joint venture it is like a partnership

         Powers:

In consignment, the consignee is the […]

Sometimes, part of goods being consigned may be lost/destroyed or damaged either in transit or in the consignee’s warehouse. Such loss can be either normal loss or abnormal loss.
This article discuss what are these losses and their respective accounting treatment in consignment accounting.

Normal Loss In Consignment

unavoidable, inherent and to natural causes like evaporation, leakage, drying, […]

This article looks at the type of additional commission given by consignor to consignee and the purpose(s) of giving such incentives/commissions.

Overriding Commission

Commission given to the consignee in addition to the normal commission

Purpose of such incentive is to motivate the consignee to create market for new products.

Sometimes, this additional commission is allowed to consignee where certain […]