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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.
consignor is the owner of the inventory lying with consignee.
Hope answers the question.....Good Luck
The ownership of the consigned stock rests with the consignor until it is issued or sold.
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.
The Consignor is still the owner of the consigned items of inventory.
...........................Consignor
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