Consignment accounts involve the sending of goods by a consignor to a consignee for sale on the consignor's behalf. The consignor remains the owner of the goods until they are sold, and the consignee sells the goods, collects money from customers, and receives commissions. Various types of commissio

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Consignment in accounting involves sending goods from a consignor to a consignee for sale on commission basis. The consignor retains ownership until the goods are sold. The relationship is that of principal and agent, with the consignee handling sales and remitting net proceeds. Important terms incl

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Air Waybill (AWB) tracking plays a crucial role in bringing transparency and accountability to the air cargo industry. The AWB is a unique document that serves as a contract of carriage between the shipper, carrier, and consignee, containing all esse

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