Retail
Sale of Consigned Goods
Recording revenue from selling goods that belong to another vendor.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash | Asset (+) | 100.00 | - |
| Payable to Consignor | Liability (+) | - | 80.00 |
| Consignment Commission Revenue | Revenue (+) | - | 20.00 |
💡 Accountant's Note
You only record your commission as revenue. The rest is a liability because you owe that money to the owner of the goods.
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