Economics · Consignment Stock
For a company maintaining a 'Consignment Stock Register', the most critical accounting principle to adhere to is that these goods should be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Valued at the selling price to maximize asset value.
- 2Included in the consignee's (holder's) inventory valuation for financial statements.
- 3Excluded from the consignee's (holder's) inventory valuation as they are not owned by the company.✓
- 4Issued to production without any formal recording.
Correct answer
Excluded from the consignee's (holder's) inventory valuation as they are not owned by the company.
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