| 1 |
The remuneration of the consignee for selling the goods of the consignor is called |
- A. Salary
- B. Interest
- C. Dividend
- D. Commission
|
| 2 |
Consignee |
- A. Bear expenses or losses in consignment
- B. Share profit made on the sale of goods
- C. Receives his commission from the consignor
- D. All of the above
|
| 3 |
The relationship between seller and buyer of goods is that of a |
- A. Principal and agent
- B. Debtor and creditor
- C. Banker and customer
- D. Consignor and customer
|
| 4 |
The manufacturer or wholesaler who sends his goods for sale purpose is known as |
- A. Consignee
- B. Consignor
- C. Agent
- D. Drawer
|
| 5 |
The consignee sells the goods on behalf of |
- A. Drawer
- B. Drawee
- C. Consignor
- D. Agent
|
| 6 |
Consignee is |
- A. Principal
- B. Owner
- C. Debtor of the consignee
- D. None of these
|
| 7 |
The act of sending goods by owner to his agent for sale is called |
- A. Consignment
- B. Sales
- C. Purchases
- D. Partnership
|
| 8 |
It is paid to consignee if he take risk of bad debts |
- A. Commission
- B. General commission
- C. Ordinary commission
- D. Delcredre commission
|
| 9 |
The register which is maintained by consignor to keep full record of goods consigned is called |
- A. Consignment outward book
- B. Consignment inward book
- C. Consignment purchases book
- D. Consignment in transit book
|
| 10 |
In consignment all the expenses, either paid by the consignor himself or by the consignee are borne by the |
- A. Consignor
- B. Consignee
- C. Purchases
- D. All of these
|
