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متابعة

The owner of the consignment inventory is ___ ?

1 - Consignor

2 - Consignee

3 - Trade Receivables

4 - None

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تم إضافة السؤال من قبل Shamseer KM , Accounts and Admin Payroll , KBM Group
تاريخ النشر: 2016/05/07
Wasim khan wazir
من قبل Wasim khan wazir , Finance Specialist , Mott Macdonald

Well its depend upon substance of transaction.  If risk and reward related with consignment transfer to consignee then ownership related to consignee otherwise consignor will be owner. 

Ahsas Ali
من قبل Ahsas Ali , Senior Accountant , Elemeco Contractors

consignor is the owner of the inventory lying with consignee.

Hope answers the question.....Good Luck

مستخدم محذوف‎
من قبل مستخدم محذوف‎

The ownership of the consigned stock rests with the consignor until it is issued or sold.

Shameer Nazir Madari
من قبل Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)

The owner of the consignment inventory is

1 - Consignor

 

Consigned inventory is the property of the consignor, not the consignee, until it is sold by the consignee.  In other words, goods on consignment are included in the inventory of the consignor (i.e., seller) while they are excluded from the consignee’s (i.e., buyer’s) inventory.  Consignee does not own the inventory but agrees to exercise due diligence in holding and selling consigned merchandise.

Judel Rosal
من قبل Judel Rosal , Assurance and Audit Associate , SGV & Co. (EY Philippines)

The Consignor is still the owner of the consigned items of inventory.

Muhammad Sabith
من قبل Muhammad Sabith , Accountant , SIMORA

...........................Consignor

.

المزيد من الأسئلة المماثلة

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟