In Performing a Stocktake Care Must Be Taken with Goods

Multiple Choice

In performing a stocktake care must be taken with goods in transit. Which of the following statements is correct?

A) Stock on consignment is regarded as sold by the consignor.
B) Stock on consignment is included in the stock of the consignee.
C) Stock on consignment is included in the stock of the consignor.
D) Goods in transit should be included in both the purchaser's and the seller's inventory.