Assignee and consignee are both accounting terms and used in business. But there are also difference between assignee and consignee .
When goods or property are transferred to assignee. Assignee gets its ownership also. Because, it is the agreement of sale . But consignee is like agent. When consignor transfers his goods or property, its ownership is of consignor, agent can only sells these consignment goods just for getting commission. So, transfer of goods or property to assignee is deemed as sale and entry of sale will be passed in the books of company or assignor. But if goods or property is transferred to consignee, it is not sale and sale entry will be only passed when goods are sold by our consignee.