ACCOUNTING FOR COMMISSION TRADE

Commission trading refers to trading through an intermediary, therefore it has a number of distinctive features in terms of ownership of goods, responsibility and documentation of the transaction. Selling goods through a commission agent is a very common operation. Each party to the transaction has benefits from concluding a commission agreement. But there are also features of accounting for these operations. In this case, the payment will be not only a remuneration to the commission agent, but also a complication of accounting.