Question

A consignor who has goods out on consignment with an agent should include the goods in ending inventory even though they are not in the possession of the consignor. True False

Answer 1

Answer:

True

Explanation:

• A consignor is on one who has the items are out on the consignment with the agent must have the goods in the ending inventory even though they are not as the same possessions to the consignor. As the shipment is to be delivered through the land, sea or air and others such as the national postal entity use these terms.