Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Goods on consignment are: Muhtiple Choice Reported in the consignee's books as irventory Goods sent by the owner to the consignee who sells the goods

Goods on consignment are:
Muhtiple Choice
Reported in the consignee's books as irventory
Goods sent by the owner to the consignee who sells the goods for the owner.
Not reported in the consignor's inventory since they do not have possession of the inventary
Goods shipped to the consignor who selis the goods for the ownor
Always paid for by consignee
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather

8th Edition

0470929383, 978-0470929384

More Books

Students also viewed these Accounting questions