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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
Consignment signifies.
Question # 2
Abnormal loss arises due to.
Question # 3
In consignee's books, the acceptance of a bil of echange by consignee will be debited to.
Question # 4
In case of del creder commission the liability of bad debts is on
Question # 5
Commission due to the consignee is calculated on.
Question # 6
The abnormal loss on consignemnt is credited to.
Question # 7
For the stock unsoled with the consignee wil the debited in the books of the consignor.
Question # 8
the loss whihc arises due to natural causes such as evaporation etc is called.
Question # 9
Account salesis submitted by.
Question # 10
The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to.
Question # 11
The unsold stock is valued at
Question # 12
In the books of consignor on reciving advance in cash from consignee should be debited to.
Question # 13
The consignee acts entirely on behalf of the
Question # 14
For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.
Question # 15
The parties involves in the consignment are.
ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test
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T Taha Ali 07 - May - 2024 03 Min 08 Sec 13/15 -
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M Miqi queen miqi queen 31 - May - 2023 03 Min 15 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 | 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
|
| 3 | 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
|
| 4 | The abnormal loss on consignemnt is credited to. |
A. Consignment account
B. Consignment personal account
C. Profit and loss account
D. Goods sent on consignemnt account
|
| 5 | the profit on consignment in the books of the consignor should be deited to. |
A. Consignnment account
B. Profit and loss account
C. Consignee 's account
D. None of these
|
| 6 | In case of del creder commission the liability of bad debts is on |
A. Consignee
B. Consignor
C. Both on consignee and consignor
D. None of the above
|
| 7 | 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
|
| 8 | Over riding commission is calculated on. |
A. Cash sales only
B. Credit sales only
C. Total sales
D. None of the above
|
| 9 | The parties involves in the consignment are. |
A. Two
B. Three
C. Four
D. Five
|
| 10 | The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called. |
A. Sales account
B. Performa invoice
C. Account sales
D. None of these
|
Test Questions
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