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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
Consignee is.
Question # 2
The person who sends the goods to his agent for the purpose of sale is called.
Question # 3
Dell creder commission is calculated on.
Question # 4
When the goods sent on consignment are sold by the consignee the account to be debited is.
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 parties involves in the consignment are.
Question # 7
The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called.
Question # 8
The unsold stock is valued at
Question # 9
Over riding commission is calculated on.
Question # 10
For the stock unsoled with the consignee wil the debited in the books of the consignor.
Question # 11
Del-credere commission is allowed to cover.
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
In the books of consignor on reciving advance in cash from consignee should be debited to.
Question # 14
In case of del creder commission the liability of bad debts is on
Question # 15
Commission due to the consignee is calculated on.
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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T Taha Ali 07 - May - 2024 03 Min 08 Sec 13/15 -
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ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The consignment outward books or journal is maintained by. |
A. Customers
B. Consignor
C. Consignee
D. Debtors
|
| 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 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
|
| 4 | 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
|
| 5 | 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
|
| 6 | Abnormal loss arises due to. |
A. Natural causes
B. Evaporation drying breaking in bulk
C. Pilferage , theft fire etc.
D. Some unavoidable causes
|
| 7 | Commission due to the consignee is calculated on. |
A. Credit sales only
B. Cash sales only
C. Total sales
D. None of these
|
| 8 | 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
|
| 9 | The abnormal loss on consignemnt is credited to. |
A. Consignment account
B. Consignment personal account
C. Profit and loss account
D. Goods sent on consignemnt account
|
| 10 | In consginee's books the payment of expense by consignee should be debited to |
A. Consignment account
B. Consignnors account
C. Cash account
D. None of these
|
Test Questions