Account Sales

As the consignee is an agent and is selling the goods on behalf of the consignor, he has to furnish the details of sale proceeds, expenses, commission, etc. to the consignor. He furnishes all these details by means of a statement called ‘Account Sales’. 




This shows the quantity and description of goods sold, sale proceeds realised, the expenses incurred by the consignee, commission due to him, and the balance amount payable by him to the consignor. While preparing an Account Sales, the consignee will deduct all expenses incurred by him in relation to the consignment and the commission due to him. The remittances made in advance, if any, are also to be deducted from the balance so obtained. The consignee will send a bank draft or his acceptance for thebalance due to the consignor.

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