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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 persons to whom the goods are dispatched for the purpsoe of sales is called.
Question # 2
Consignment account is in the nature of.
Question # 3
In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as.
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
Consignee is.
Question # 7
The consignment outward books or journal is maintained by.
Question # 8
In the books of consignee the sale of goods by the consigee credited to.
Question # 9
An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called.
Question # 10
In consignee's books, the acceptance of a bil of echange by consignee will be debited to.
Question # 11
The parties involves in the consignment are.
Question # 12
Dell creder commission is calculated on.
Question # 13
Account salesis submitted by.
Question # 14
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 # 15
Consignee account is of the natur eof.
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 -
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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 -
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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 | Consignee is. |
A. A principal
B. An agent
C. A debtor
D. A creditor
|
| 2 | 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
|
| 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 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
|
| 5 | 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
|
| 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 | The parties involves in the consignment are. |
A. Two
B. Three
C. Four
D. Five
|
| 8 | The person who sends the goods to his agent for the purpose of sale is called. |
A. Consignor
B. Consignee
C. Debtor
D. Creditor
|
| 9 | 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
|
| 10 | Consignment account is in the nature of. |
A. Profit and loss account
B. Real account
C. Personal Account
D. None of these
|
Test Questions
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