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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
When the goods sent on consignment are sold by the consignee the account to be debited is.
Question # 2
The consignment outward books or journal is maintained by.
Question # 3
Consignee is.
Question # 4
In the books of consignee the sale of goods by the consigee credited to.
Question # 5
the loss whihc arises due to natural causes such as evaporation etc is called.
Question # 6
The relation ship between consignor and consignee is thet of.
Question # 7
In case of del creder commission the liability of bad debts is on
Question # 8
Over riding commission is calculated on.
Question # 9
Dell creder commission is calculated on.
Question # 10
Abnormal loss arises due to.
Question # 11
The abnormal loss on consignemnt is credited to.
Question # 12
For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.
Question # 13
Del-credere commission is allowed to cover.
Question # 14
Consignee account is of the natur eof.
Question # 15
In the books of consignor, the loss on the consignment should be crediterd to.
ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test
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ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Del-credere commission is allowed to cover. |
A. Normal losses
B. Abnormal losses
C. Loss due to bad debts
D. None of these
|
| 2 | Abnormal loss arises due to. |
A. Natural causes
B. Evaporation drying breaking in bulk
C. Pilferage , theft fire etc.
D. Some unavoidable causes
|
| 3 | 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
|
| 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 | Commission due to the consignee is calculated on. |
A. Credit sales only
B. Cash sales only
C. Total sales
D. None of these
|
| 6 | 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
|
| 7 | For the commission due to the consignee on the sales of goods in the books of the consignor will be credited to. |
A. Commission account
B. Consignee's personal account
C. Consignement account
D. None of these
|
| 8 | Consignee is. |
A. A principal
B. An agent
C. A debtor
D. A creditor
|
| 9 | Consignor is also called. |
A. Principal
B. Agent
C. Debtor of the consignee
D. Creditor of the consignee
|
| 10 | 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
|
Test Questions
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