All of the following statements related to goods on consignment are true except Multiple Choice Goods on consignment are goods provided by the owner, call the consignor A consignee sells goods for the owner The consignor continues to own the consigned goods. The consignee reports the goods in its inventory until sold The consignor reports the goods in its inventory until sold
Answer is The consignee reports the goods in its inventory until
Consignee holds the goods on behalf of the consignor to sell
them off on behalf of consignor for the remuneration.
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