Consignment Fill-Up –

Not relevant for Inventory accounting as it is internal movement of stock from normal stock to Consignment
Stock
No Accounting Entry Generate Not relevant for Invoice

Consignment Issue -
> Inventory accounting generates
COGS Dr.
Consignment Inventory Cr.
Relevant for Invoice
Consignee Dr
Discount Dr
Sales Revenue Cr
Sales Taxes Cr

Consignment Return –
Generate credit memo to Customer
Customer Cr
Sales Revenue Dr

Consignment Pickup -
No accounting entry will be generated as inventory will be return back to Normal stock to Consignment Stock.