Thursday 7 March 2013

Ceil gives goods on consignment to Jerry who agrees to try to sell them for a 25% commission. At the end of the accounting period, which of the following parties includes in its inventory the consigned goods? Ceil Jerry Both Ceil and Jerry Neither Ceil nor Jerry

Ceil gives goods on consignment to Jerry who agrees to try to sell them for a 25% commission. At the end of the accounting period, which of the following parties includes in its inventory the consigned goods?
     Ceil
     Jerry
     Both Ceil and Jerry
     Neither Ceil nor Jerry
                                        

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