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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
The consignment outward books or journal is maintained by.
Question # 2
The relation ship between consignor and consignee is thet of.
Question # 3
Account salesis submitted by.
Question # 4
Dell creder commission is calculated on.
Question # 5
Consignee is.
Question # 6
the loss whihc arises due to natural causes such as evaporation etc is called.
Question # 7
Consignment signifies.
Question # 8
Consignor is also called.
Question # 9
The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called.
Question # 10
The person who sends the goods to his agent for the purpose of sale is called.
Question # 11
For the stock unsoled with the consignee wil the debited in the books of the consignor.
Question # 12
In the books of consignor, the loss on the consignment should be crediterd to.
Question # 13
In the books of consignee the sale of goods by the consigee credited to.
Question # 14
Goods sent on consignment should be debited int he books of the consignor.
Question # 15
Consignee account is of the natur eof.
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 | Consignee is. |
A. A principal
B. An agent
C. A debtor
D. A creditor
|
| 2 | Consignment account is in the nature of. |
A. Profit and loss account
B. Real account
C. Personal Account
D. None of these
|
| 3 | 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
|
| 4 | 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.
|
| 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 | In the books of consignor, the loss on the consignment should be crediterd to. |
A. Consignment account
B. Consigneee 's account
C. Profit and loss account
D. Gppds sent on consignemnt
|
| 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 | 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
|
| 9 | 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
|
| 10 | The consignment outward books or journal is maintained by. |
A. Customers
B. Consignor
C. Consignee
D. Debtors
|
Test Questions