The basic difference between consignment and memorandum purchases is based on the size of the order.

Question

Quizplus · Accepted Answer

The basic difference between consignment and memorandum purchases is not based on the size of the order. Consignment purchases involve the transfer of goods from a supplier to a retailer, who only pays for the goods sold to customers. Memorandum purchases, on the other hand, are a type of out-of-stock purchase that involves the retailer ordering goods from a supplier and not paying until the goods are received and accepted.

The Basic Difference Between Consignment and Memorandum Purchases Is Based