Ceil gives goods on consignment to Jerry who agrees to try to sell - 15547

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yousafbhutta

yousafbhutta

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  • From: Business,
  • Posted on: Thu 07 Mar, 2013
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Request Description

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
                                       

Solution Description

Ceil gives goods on consignment to Jerry who agrees to try to sell them for a 25% commission. At the end of