12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 3 (Consignment Accounts)

ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test

Start Chapter 3 Test

ICOM Part 2 Principles of Accounting Chapter Wise Online MCQ's Test

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"

  • Total Questions15

  • Time Allowed20

Start Test Download PDF

Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test

00:00
Question # 1

In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as.

Question # 2

The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called.

Question # 3

The consignment inward book or journalis matinained by.

Question # 4

When the goods sent on consignment are sold by the consignee the account to be debited is.

Question # 5

the profit on consignment in the books of the consignor should be deited to.

Question # 6

Over riding commission is calculated on.

Question # 7

Dell creder commission is calculated on.

Question # 8

The parties involves in the consignment are.

Question # 9

Consignee is.

Question # 10

For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.

Question # 11

Abnormal loss arises due to.

Question # 12

In the books of consignee the sale of goods by the consigee credited to.

Question # 13

The relation ship between consignor and consignee is thet of.

Question # 14

Consignment account is in the nature of.

Question # 15

Commission due to the consignee is calculated on.

Submit

Prepare Complete Set Wise Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test" MCQs Online With Answers


Topic Test

00:00
Submit
ic-science-white
Principles of Accounting
3rd Chapter

ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test

Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test" MCQ`s Test

  • Z
    Zainab Malik 02 - Jun - 2026 02 Min 43 Sec 14/15
  • 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
  • T
    Taha Ali 07 - May - 2024 03 Min 08 Sec 13/15
  • I
    ifrah mirza 29 - Apr - 2024 03 Min 41 Sec 13/15
  • F
    Fatima Waseem 09 - Dec - 2024 05 Min 03 Sec 13/15
  • T
    Taiba Siddique 31 - May - 2024 00 Min 08 Sec 12/15
  • S
    Sheikh Zadi 13 - May - 2023 01 Min 45 Sec 12/15
  • R
    Raja Musa Sohail 08 - May - 2024 02 Min 39 Sec 12/15
  • A
    Amjad ali rajper 25 - Feb - 2024 03 Min 51 Sec 12/15
  • F
    Fatima Butt 03 - Aug - 2023 04 Min 12 Sec 12/15
  • M
    Mubasher Ali 18 - May - 2023 05 Min 18 Sec 12/15
  • M
    Malaika MA 03 - Aug - 2024 02 Min 07 Sec 10/15
  • S
    sameer abbas 06 - May - 2026 02 Min 32 Sec 10/15
  • 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 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
2 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
3 the loss whihc arises due to natural causes such as evaporation etc is called.
A. Abnormal loss
B. Normal loss
C. Additional loss
D. None of these
4 In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as.
A. Salary
B. Wages
C. Profit
D. Commission
5 The losses arise in consignment transactions, such as loss of goods in transit, theft, goods damaged or destroyed by fire etc are.
A. Normal losses
B. Additional loss
C. Abnormal losses
D. Both abnormal and normal loss
6 Dell creder commission is calculated on.
A. Total sales
B. Cash sales
C. Credit sales
D. None of these
7 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
8 The consignee acts entirely on behalf of the
A. Debtors
B. Creditors
C. Customer
D. Principal or consignor
9 When the goods sent on consignment are sold by the consignee the account to be debited is.
A. Cash account
B. Consignee personal account
C. Consignment account
D. None of these
10 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

Test Questions