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MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test"
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Total Questions15
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Time Allowed20
Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test
00:00
Question # 1
The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called.
Question # 2
For the stock unsoled with the consignee wil the debited in the books of the consignor.
Question # 3
Account salesis submitted by.
Question # 4
Goods sent on consignment should be debited int he books of the consignor.
Question # 5
In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as.
Question # 6
In the books of consignee the sale of goods by the consigee credited to.
Question # 7
the profit on consignment in the books of the consignor should be deited to.
Question # 8
The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to.
Question # 9
the loss whihc arises due to natural causes such as evaporation etc is called.
Question # 10
Del-credere commission is allowed to cover.
Question # 11
Over riding commission is calculated on.
Question # 12
The persons to whom the goods are dispatched for the purpsoe of sales is called.
Question # 13
Consignor is also called.
Question # 14
In the books of consignor on reciving advance in cash from consignee should be debited to.
Question # 15
The unsold stock is valued at
ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test
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S Subtain Ahmed Raza 15 - Jul - 2023 02 Min 56 Sec 14/15 -
F Fazilat Official 05 - Dec - 2025 03 Min 41 Sec 14/15 -
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A Amjad ali rajper 25 - Feb - 2024 03 Min 51 Sec 12/15 -
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Z Zafar Ali 07 - Jun - 2024 02 Min 52 Sec 10/15
ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Consignment account is in the nature of. |
A. Profit and loss account
B. Real account
C. Personal Account
D. None of these
|
| 2 | In consginee's books the payment of expense by consignee should be debited to |
A. Consignment account
B. Consignnors account
C. Cash account
D. None of these
|
| 3 | For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor. |
A. Cash account
B. Consignee personal account
C. Consignment account
D. None of the above
|
| 4 | In the books of consignee the sale of goods by the consigee credited to. |
A. Sales account
B. Consignor account
C. Consignee's account
D. None of these
|
| 5 | The relation ship between consignor and consignee is thet of. |
A. Buyer and seller
B. Debtorsde creditor
C. Whole seller or retailer
D. Principal and agent
|
| 6 | Del-credere commission is allowed to cover. |
A. Normal losses
B. Abnormal losses
C. Loss due to bad debts
D. None of these
|
| 7 | The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to. |
A. Consignment account
B. Cash account
C. Consignor account
D. None of these
|
| 8 | Account salesis submitted by. |
A. Teh consignor to the consignee
B. The consignee to the consignor
C. the debtor to the creditors
D. The principle to his agent
|
| 9 | Abnormal loss arises due to. |
A. Natural causes
B. Evaporation drying breaking in bulk
C. Pilferage , theft fire etc.
D. Some unavoidable causes
|
| 10 | The consignment outward books or journal is maintained by. |
A. Customers
B. Consignor
C. Consignee
D. Debtors
|
Test Questions
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