E-commerce
Consignment Stock Received (Inbound)
Receiving products from a vendor for sale — ownership stays with the vendor until sold.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Consignment Inventory (Memo) | Asset (Off-Balance) | 5,000.00 | - |
| Consignment Control Account | Liability (Memo) | - | 5,000.00 |
💡 Accountant's Note
Consignment stock is NOT your asset — you hold it on behalf of the vendor. It is tracked in a memo or off-balance-sheet account. No purchase is recorded until a sale occurs.
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