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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 unsold stock is valued at
Question # 2
In consginee's books the payment of expense by consignee should be debited 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
The abnormal loss on consignemnt is credited to.
Question # 5
In consignmetn all the expenses either paid by the consiger himself or by the consignee are born by the.
Question # 6
In the books of consignor, the loss on the consignment should be crediterd to.
Question # 7
Account salesis submitted by.
Question # 8
Consignment signifies.
Question # 9
Goods sent on consignment should be debited int he books of the consignor.
Question # 10
The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to.
Question # 11
Commission due to the consignee is calculated on.
Question # 12
The persons to whom the goods are dispatched for the purpsoe of sales is called.
Question # 13
Dell creder commission is calculated on.
Question # 14
When the goods sent on consignment are sold by the consignee the account to be debited is.
Question # 15
Consignee is.
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 -
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 -
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
ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The person who sends the goods to his agent for the purpose of sale is called. |
A. Consignor
B. Consignee
C. Debtor
D. Creditor
|
| 2 | In case of del creder commission the liability of bad debts is on |
A. Consignee
B. Consignor
C. Both on consignee and consignor
D. None of the above
|
| 3 | Consignment account is in the nature of. |
A. Profit and loss account
B. Real account
C. Personal Account
D. None of these
|
| 4 | 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
|
| 5 | 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
|
| 6 | 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
|
| 7 | 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
|
| 8 | Consignment signifies. |
A. Goods despatched by the owner to his agent
B. Goods forwarded by the creditor to his debtor
C. Goods forwarded from one place to another
D. Goods sent by the owner to his agent for the purpose of sale.
|
| 9 | The consignee acts entirely on behalf of the |
A. Debtors
B. Creditors
C. Customer
D. Principal or consignor
|
| 10 | 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
|
Test Questions
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