Retail
Settlement Payout to Consignor
Paying a vendor for the goods they owned that were sold in your store last month.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Payable to Consignor | Liability (-) | 850.00 | - |
| Cash in Bank | Asset (-) | - | 850.00 |
💡 Accountant's Note
This is the final step in the consignment cycle: sending the vendor their share of the sales (Total Sales minus your Commission).
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