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

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

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

Sr. # Questions Answers Choice
1 Over riding commission is calculated on.
  • A. Cash sales only
  • B. Credit sales only
  • C. Total sales
  • D. None of the above
2 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
3 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
4 Dell creder commission is calculated on.
  • A. Total sales
  • B. Cash sales
  • C. Credit sales
  • D. None of these
5 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
6 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
7 For the commission due to the consignee on the sales of goods in the books of the consignor will be credited to.
  • A. Commission account
  • B. Consignee's personal account
  • C. Consignement account
  • D. None of these
8 Consignee is.
  • A. A principal
  • B. An agent
  • C. A debtor
  • D. A creditor
9 The person who sends the goods to his agent for the purpose of sale is called.
  • A. Consignor
  • B. Consignee
  • C. Debtor
  • D. Creditor
10 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

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

Z

Zunaira Zubair

Lahore16 - Jun - 2025

10/15
02 Mins 16 Sec
Z

Zunaira Zubair

Lahore16 - Jun - 2025

9/15
02 Mins 45 Sec
S

Saad Ahmed

Lahore14 - May - 2025

8/15
03 Mins 13 Sec
P

Pioneer Pipes

Lahore11 - Jun - 2025

8/15
05 Mins 17 Sec

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