Question no : 13 MM Purchasing Consignment Scneario

In consignment scenario, when is liability to vendor is created ?

I)   when the consignment purchase order is received.
II)  when the consignment stocks are transferred between storage locations.
III) when the consignment stocks is backflushed from a production order.
IV) when the consignment stocks is transferred to as own stocks.
V)  when the consignment stocks is returned to the vendor.

A)  III, IV.
B)  III, IV, V.
C)  I, II, III, IV, V
D)  IV only.
E)  III only
.