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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
In consginee's books the payment of expense by consignee should be debited to
Question # 2
The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to.
Question # 3
In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as.
Question # 4
The persons to whom the goods are dispatched for the purpsoe of sales is called.
Question # 5
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 # 6
Account salesis submitted by.
Question # 7
Consignee account is of the natur eof.
Question # 8
Dell creder commission is calculated on.
Question # 9
Abnormal loss arises due to.
Question # 10
For the commission due to the consignee on the sales of goods in the books of the consignor will be credited to.
Question # 11
When the goods sent on consignment are sold by the consignee the account to be debited is.
Question # 12
Consignor is also called.
Question # 13
The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called.
Question # 14
Del-credere commission is allowed to cover.
Question # 15
In consignmetn all the expenses either paid by the consiger himself or by the consignee are born by the.
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 | 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
|
| 2 | 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
|
| 3 | The consignment inward book or journalis matinained by. |
A. Consignor
B. Consignee
C. Customer
D. Debtors
|
| 4 | 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
|
| 5 | An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called. |
A. Bonus
B. Commission
C. Del creder commision
D. Credit commission
|
| 6 | The consignment outward books or journal is maintained by. |
A. Customers
B. Consignor
C. Consignee
D. Debtors
|
| 7 | 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
|
| 8 | The unsold stock is valued at |
A. Original cost of the goods
B. Market value of the goods
C. Orginal cost price + proportionate direct expense incutred by the both consignor and consignee
D. Cost of market pric ewhich wver is the lower.
|
| 9 | 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
|
| 10 | Del-credere commission is allowed to cover. |
A. Normal losses
B. Abnormal losses
C. Loss due to bad debts
D. None of these
|
Test Questions