12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 3 (Consignment Accounts)

ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test

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ICOM Part 2 Principles of Accounting Chapter Wise Online MCQ's Test

MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test"

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  • Total Questions15

  • Time Allowed20

Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test

00:00
Question # 1

the profit on consignment in the books of the consignor should be deited to.

Question # 2

The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to.

Question # 3

Consignment signifies.

Question # 4

Account salesis submitted by.

Question # 5

Abnormal loss arises due to.

Question # 6

Over riding commission is calculated on.

Question # 7

For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.

Question # 8

In consignmetn all the expenses either paid by the consiger himself or by the consignee are born by the.

Question # 9

When the goods sent on consignment are sold by the consignee the account to be debited is.

Question # 10

An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called.

Question # 11

For the commission due to the consignee on the sales of goods in the books of the consignor will be credited to.

Question # 12

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 # 13

Consignee account is of the natur eof.

Question # 14

The persons to whom the goods are dispatched for the purpsoe of sales is called.

Question # 15

The consignee acts entirely on behalf of the

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ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test

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