| 1 |
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.
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| 2 |
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
|
| 3 |
The person who sends the goods to his agent for the purpose of sale is called. |
- A. Consignor
- B. Consignee
- C. Debtor
- D. Creditor
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| 4 |
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
|
| 5 |
In the books of consignor on reciving advance in cash from consignee should be debited to. |
- A. Cash account
- B. Consignee account
- C. Consignment account
- D. None of these
|
| 6 |
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
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| 7 |
The parties involves in the consignment are. |
- A. Two
- B. Three
- C. Four
- D. Five
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| 8 |
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
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| 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
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| 10 |
In consignmetn all the expenses either paid by the consiger himself or by the consignee are born by the. |
- A. Consignor
- B. purchaser
- C. Consignee
- D. None of these
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