all of the following statements related to goods on consignment are true except:

Hi, I have a question and I hope anyone could answer it:

All of the following statements related to goods on consignment are true except:

-The consignor continues to own the consigned goods.

-The consignor reports the goods in its inventory until sold.

-The consignee reports the goods in its inventory until sold.

-A consignee sells goods for the owner.

-Goods on consignment are goods provided by the owner, call the consignor.

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1 Answer

  1. -The consignee reports the goods in its inventory until sold.