wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

The ownership right of the consignment stock is always with the ____________.

A
Consignor
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Consignee
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Debtors
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
None
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Consignor
Consignment stock is stock legally owned by one party, but held by another, meaning that the risk and rewards regarding to the said stock remains with the first party while the second party is responsible for distribution or retail operations.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Issue of Shares
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon