| 1 |
The consignee acts entirely on behalf of the |
- A. Debtors
- B. Creditors
- C. Customer
- D. Principal or consignor
|
| 2 |
Del-credere commission is allowed to cover. |
- A. Normal losses
- B. Abnormal losses
- C. Loss due to bad debts
- D. None of these
|
| 3 |
An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called. |
- A. Bonus
- B. Commission
- C. Del creder commision
- D. Credit commission
|
| 4 |
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
|
| 5 |
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
|
| 6 |
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
|
| 7 |
The person who sends the goods to his agent for the purpose of sale is called. |
- A. Consignor
- B. Consignee
- C. Debtor
- D. Creditor
|
| 8 |
Goods sent on consignment should be debited int he books of the consignor. |
- A. Consignee account
- B. Consignment account
- C. Goods sen ton consignment
- D. Consignor account
|
| 9 |
Consignee is. |
- A. A principal
- B. An agent
- C. A debtor
- D. A creditor
|
| 10 |
Consignment signifies. |
- A. Goods despatched by the owner to his agent
- B. Goods forwarded by the creditor to his debtor
- C. Goods forwarded from one place to another
- D. Goods sent by the owner to his agent for the purpose of sale.
|
