| 1 |
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
|
| 2 |
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
|
| 3 |
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
|
| 4 |
When the cash is received from the sale of the goods by the consigneee on behalf the consignor then it will be debited to. |
- A. Cash account
- B. Consignor 's personal account
- C. Consignment account
- D. None of these
|
| 5 |
The parties involves in the consignment are. |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 6 |
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
|
| 7 |
Dell creder commission is calculated on. |
- A. Total sales
- B. Cash sales
- C. Credit sales
- D. None of these
|
| 8 |
When the goods sent on consignment are sold by the consignee the account to be debited is. |
- A. Cash account
- B. Consignee personal account
- C. Consignment account
- D. None of these
|
| 9 |
In consignee's books, the acceptance of a bil of echange by consignee will be debited to. |
- A. Trading account
- B. Bill payable accont
- C. Consignor account
- D. Consignment account
|
| 10 |
Del-credere commission is allowed to cover. |
- A. Normal losses
- B. Abnormal losses
- C. Loss due to bad debts
- D. None of these
|
