Goods on consignment:
A)Are goods shipped by the owner to the consignee who sells the goods for the owner.
B)Are reported in the consignee's books as inventory.
C)Are goods shipped to the consignor who sells the goods for the owner.
D)Are not reported in the consignor's inventory since they do not have possession of the inventory.
E)Are always paid for by the consignee when they take possession of the goods.

Question

Quizplus · Accepted Answer

Goods on consignment are shipped by the owner (consignor) to the consignee, who sells the goods on behalf of the owner. The goods remain the property of the consignor until sold.

Goods on Consignment