Goods on consignment are goods shipped by the owner to another company that holds the goods and sells them on behalf of the owner.

Question

Quizplus · Accepted Answer

Consignment inventory refers to goods a company is holding on behalf of the goods' owner.Typically,this arises when a company is willing to sell the goods for the owner (for a fee)but does not want to take ownership of the goods in the event the goods are difficult to sell.

Goods on Consignment Are Goods Shipped by the Owner to Another