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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
Dell creder commission is calculated on.
Question # 2
the profit on consignment in the books of the consignor should be deited to.
Question # 3
When the cash is received from the sale of the goods by the consigneee on behalf the consignor then it will be debited to.
Question # 4
In the books of consignor on reciving advance in cash from consignee should be debited to.
Question # 5
For the commission due to the consignee on the sales of goods in the books of the consignor will be credited to.
Question # 6
The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called.
Question # 7
Account salesis submitted by.
Question # 8
Commission due to the consignee is calculated on.
Question # 9
Consignor is also called.
Question # 10
The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to.
Question # 11
In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as.
Question # 12
In consignee's books, the acceptance of a bil of echange by consignee will be debited to.
Question # 13
Consignee account is of the natur eof.
Question # 14
Del-credere commission is allowed to cover.
Question # 15
The person who sends the goods to his agent for the purpose of sale is called.
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
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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 -
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 -
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M Mubasher Ali 18 - May - 2023 05 Min 18 Sec 12/15 -
M Malaika MA 03 - Aug - 2024 02 Min 07 Sec 10/15 -
T Tyab ali Ali 03 - May - 2023 02 Min 43 Sec 10/15 -
Z Zafar Ali 07 - Jun - 2024 02 Min 52 Sec 10/15 -
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 | In consignmetn all the expenses either paid by the consiger himself or by the consignee are born by the. |
A. Consignor
B. purchaser
C. Consignee
D. None of these
|
| 2 | Dell creder commission is calculated on. |
A. Total sales
B. Cash sales
C. Credit sales
D. None of these
|
| 3 | When the cash is received from the sale of the goods by the consigneee on behalf the consignor then it will be debited to. |
A. Cash account
B. Consignor 's personal account
C. Consignment account
D. None of these
|
| 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 | In consignee's books, the acceptance of a bil of echange by consignee will be debited to. |
A. Trading account
B. Bill payable accont
C. Consignor account
D. Consignment account
|
| 6 | 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
|
| 7 | 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
|
| 8 | The parties involves in the consignment are. |
A. Two
B. Three
C. Four
D. Five
|
| 9 | 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
|
| 10 | The consignment outward books or journal is maintained by. |
A. Customers
B. Consignor
C. Consignee
D. Debtors
|
Test Questions