Question

Any stock remaining unsold with the
consignee
belongs to the consignee
belongs to the consignor or the consignee
belongs to the consignor or the consignee
equally
belongs to the consignor​

Answer 1

It belongs to the consigner.

• If the Consignee does not sell all of their commodities during the particular accounting period, the Consignor must pay for the unsold stock.
• The consignee's unsold or remaining stock must be then priced at a lower value.
• It is recorded in the books of the consigner. The journal entry for the same is -

Consignment Stock A/c

To Consignment A/c