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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
In the books of consignor, the loss on the consignment should be crediterd to.
Question # 2
The relation ship between consignor and consignee is thet of.
Question # 3
The consignment inward book or journalis matinained by.
Question # 4
For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.
Question # 5
Goods sent on consignment should be debited int he books of the consignor.
Question # 6
the loss whihc arises due to natural causes such as evaporation etc is called.
Question # 7
Commission due to the consignee is calculated on.
Question # 8
The person who sends the goods to his agent for the purpose of sale is called.
Question # 9
The abnormal loss on consignemnt is credited to.
Question # 10
In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as.
Question # 11
The persons to whom the goods are dispatched for the purpsoe of sales is called.
Question # 12
Consignor is also called.
Question # 13
The parties involves in the consignment are.
Question # 14
In the books of consignor on reciving advance in cash from consignee should be debited to.
Question # 15
In consignee's books, the acceptance of a bil of echange by consignee will be debited to.
ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test
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F Fazilat Official 05 - Dec - 2025 03 Min 41 Sec 14/15 -
T Taha Ali 07 - May - 2024 03 Min 08 Sec 13/15 -
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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 | 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
|
| 2 | The person who sends the goods to his agent for the purpose of sale is called. |
A. Consignor
B. Consignee
C. Debtor
D. Creditor
|
| 3 | Consignee account is of the natur eof. |
A. Personal account
B. Nominal account
C. Real account
D. None of these
|
| 4 | 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
|
| 5 | 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
|
| 6 | Consignee is. |
A. A principal
B. An agent
C. A debtor
D. A creditor
|
| 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 | 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
|
| 9 | Abnormal loss arises due to. |
A. Natural causes
B. Evaporation drying breaking in bulk
C. Pilferage , theft fire etc.
D. Some unavoidable causes
|
| 10 | 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
|
Test Questions
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