Consignment goods are:

O Goods shipped by the owner to the consignee who sells the goods for the owner.

O Reported in the consignee's books as inventory.

O Goods shipped to the consignor who sells the goods for the owner.

O Not reported in the consignor's inventory since they do not have possession of the inventory.

O Always paid for by the consignee when they take possession.

Question

Yoselin Lin

Business

11 May, 19:23

Consignment goods are:

O Goods shipped by the owner to the consignee who sells the goods for the owner.

O Reported in the consignee's books as inventory.

O Goods shipped to the consignor who sells the goods for the owner.

O Not reported in the consignor's inventory since they do not have possession of the inventory.

O Always paid for by the consignee when they take possession.

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Answers (1)

Know the Answer?

Amina Lynch · Answer 1

Goods shipped by the owner to the consignee who sells the goods for the owner.

Explanation:

Consignment goods -

It refers to the goods holded by the consignee which is responsible for selling the goods, is referred to as consignment goods.

The consignee receives certain amount of money as commision for the goods.

This method is used by many manufacturing firm, to have a smooth and proper distribution of goods and services.

Hence, from the given question,

The correct option is first one.