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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
For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.
Question # 2
Consignor is also called.
Question # 3
Over riding commission is calculated on.
Question # 4
In the books of consignor, the loss on the consignment should be crediterd to.
Question # 5
The losses arise in consignment transactions, such as loss of goods in transit, theft, goods damaged or destroyed by fire etc are.
Question # 6
Commission due to the consignee is calculated on.
Question # 7
The abnormal loss on consignemnt is credited to.
Question # 8
In consginee's books the payment of expense by consignee should be debited to
Question # 9
In case of del creder commission the liability of bad debts is on
Question # 10
The unsold stock is valued at
Question # 11
Dell creder commission is calculated on.
Question # 12
The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called.
Question # 13
The parties involves in the consignment are.
Question # 14
Account salesis submitted by.
Question # 15
Goods sent on consignment should be debited int he books of the consignor.
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 -
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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 | 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
|
| 2 | 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
|
| 3 | Over riding commission is calculated on. |
A. Cash sales only
B. Credit sales only
C. Total sales
D. None of the above
|
| 4 | 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
|
| 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 | The consignment outward books or journal is maintained by. |
A. Customers
B. Consignor
C. Consignee
D. Debtors
|
| 7 | The persons to whom the goods are dispatched for the purpsoe of sales is called. |
A. Debtor
B. Consignee
C. Consignor
D. None of these
|
| 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 | The consignment inward book or journalis matinained by. |
A. Consignor
B. Consignee
C. Customer
D. Debtors
|
Test Questions
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