If a consignee sells the goods on behalf of the consignor who will take the risks which are related to the goods?

Ans:After knowing the journal entries in the books of consignor and consignee it is pretty clear that consignee means just like an agent and consignor is the principal. So if a consignee sells the goods on behalf of the consignor and any kind of mishap happened during the transportation or selling then this is completely considered by the consignor. Any kind of risks in a consignment will be the responsibility of the consignor.