With consignment sales,at the time of the sale to a third party:
A)the consignee only records revenue
B)the consignor only records revenue
C)the customer records the sale
D)the consignee and the consignor record revenue

Question

Quizplus · Accepted Answer

The consignee records revenue because they are the ones who sold the goods to the third party. The consignor also records revenue because they are the ones who own the goods and will receive payment from the consignee.

With Consignment Sales,at the Time of the Sale to a Third