Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

The owner of the consignment inventory is ___ ?

1 - Consignor

2 - Consignee

3 - Trade Receivables

4 - None

user-image
Question ajoutée par Shamseer KM , HR Payroll Officer , Al Darwish Engineering W.L.L
Date de publication: 2016/05/07
Wasim khan wazir
par 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
par Ahsas Ali , Senior Accountant , Elemeco Contractors

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.

Shameer Nazir Madari
par 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
par Judel Rosal , Assurance and Audit Associate , SGV & Co. (EY Philippines)

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

Muhammad Sabith
par Muhammad Sabith , Accountant , SIMORA

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

.

More Questions Like This

Avez-vous besoin d'aide pour créer un CV ayant les mots-clés recherchés par les employeurs?