TaxTMI 
TaxTMI 
We transfer goods on F Form to our Consignment Agents. Should we show the stock in Company's Closing Stock.
John Shannel
Stock held by Consignment Agents
JOHN SHANNEL
Debate: Should Goods on F Form Consignment Be Included in Closing Stock? Differing Views on Accounting Practices. A discussion on whether goods transferred to consignment agents on an F Form should be included in the company's closing stock. One participant argues that such goods should be shown in the closing stock as they are not sold yet. Another participant disagrees, stating that goods sold against an F Form should not be included in the company's stock, as they are considered sold, and should instead be reflected in the consignee's stock. The debate highlights differing interpretations of accounting for consignment stock in financial statements. (AI Summary)