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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
The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to.
Question # 2
the profit on consignment in the books of the consignor should be deited to.
Question # 3
When the goods sent on consignment are sold by the consignee the account to be debited is.
Question # 4
The consignment inward book or journalis matinained by.
Question # 5
The consignment outward books or journal is maintained by.
Question # 6
For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.
Question # 7
In the books of consignee the sale of goods by the consigee credited to.
Question # 8
For the stock unsoled with the consignee wil the debited in the books of the consignor.
Question # 9
An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called.
Question # 10
Account salesis submitted by.
Question # 11
Goods sent on consignment should be debited int he books of the consignor.
Question # 12
Consignment account is in the nature of.
Question # 13
The consignee acts entirely on behalf of the
Question # 14
In consginee's books the payment of expense by consignee should be debited to
Question # 15
the loss whihc arises due to natural causes such as evaporation etc is called.
ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test
Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test" MCQ`s Test
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S Subtain Ahmed Raza 15 - Jul - 2023 02 Min 56 Sec 14/15 -
F Fazilat Official 05 - Dec - 2025 03 Min 41 Sec 14/15 -
T Taha Ali 07 - May - 2024 03 Min 08 Sec 13/15 -
I ifrah mirza 29 - Apr - 2024 03 Min 41 Sec 13/15 -
F Fatima Waseem 09 - Dec - 2024 05 Min 03 Sec 13/15 -
T Taiba Siddique 31 - May - 2024 00 Min 08 Sec 12/15 -
S Sheikh Zadi 13 - May - 2023 01 Min 45 Sec 12/15 -
R Raja Musa Sohail 08 - May - 2024 02 Min 39 Sec 12/15 -
A Amjad ali rajper 25 - Feb - 2024 03 Min 51 Sec 12/15 -
F Fatima Butt 03 - Aug - 2023 04 Min 12 Sec 12/15 -
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T Tyab ali Ali 03 - May - 2023 02 Min 43 Sec 10/15 -
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 | The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called. |
A. Sales account
B. Performa invoice
C. Account sales
D. None of these
|
| 2 | 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
|
| 3 | the profit on consignment in the books of the consignor should be deited to. |
A. Consignnment account
B. Profit and loss account
C. Consignee 's account
D. None of these
|
| 4 | Consignee account is of the natur eof. |
A. Personal account
B. Nominal account
C. Real account
D. None of these
|
| 5 | The parties involves in the consignment are. |
A. Two
B. Three
C. Four
D. Five
|
| 6 | 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
|
| 7 | Commission due to the consignee is calculated on. |
A. Credit sales only
B. Cash sales only
C. Total sales
D. None of these
|
| 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 | 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
|
| 10 | 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
|
Test Questions
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