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 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.
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
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
7 The parties involves in the consignment are.
  • A. Two
  • B. Three
  • C. Four
  • D. Five
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
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
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

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
A

Ali Raza

Lahore13 - Apr - 2025

10/15
05 Mins 08 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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