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Question

Owner of the consignment stock is?

A
Consignor
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B
Consignee
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C
Debtors
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D
None
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Solution

The correct option is C Consignor
Consignment occurs when goods are sent by their owner (the consignor) to an agent (the consignee), who undertakes to sell the goods. The consignor continues to own the goods until they are sold, so the goods appear as inventory in the accounting records of the consignor, not the consignee.

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