Your Ask Joey ™ Answer

You might also be interested in...

  • Who is the consignor in a consignment relationship?

    The consignor is a person who sends goods to an agent (consignee) to be sold on their behalf. The consignor retains ownership of the inventory even though it is physically located at the consignees warehouse. Additionally, the consignor cannot recognize revenue until the consignee sells the item to a 3rd party customer.