Consignment goods are:
O Goods shipped by the owner to the consignee who sells the goods for the owner.
O Reported in the consignee's books as inventory.
O Goods shipped to the consignor who sells the goods for the owner.
O Not reported in the consignor's inventory since they do not have possession of the inventory.
O Always paid for by the consignee when they take possession.

Goods shipped by the owner to the consignee who sells the goods for the owner.

Explanation:

Consignment goods -

It refers to the goods holded by the consignee which is responsible for selling the goods , is referred to as consignment goods .

The consignee receives certain amount of money as commision for the goods .

This method is used by many manufacturing firm , to have a smooth and proper distribution of goods and services .

Hence , from the given question ,

The correct option is first one .

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