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Consignment Stock — Assessment

5 questions · 75% to pass · graded instantly. Pass and your certificate is issued automatically.

1. In consignment, when do you pay for the stock?
2. Who owns consignment goods before they sell?
3. You sell 60 of 100 consignment units at KES 600 cost. What do you owe?
4. Why must consignment be tracked separately?
5. Why should consignment not be booked as your inventory asset?

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