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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
In the books of consignor, the loss on the consignment should be crediterd to.
Question # 2
When the goods sent on consignment are sold by the consignee the account to be debited is.
Question # 3
The unsold stock is valued at
Question # 4
The parties involves in the consignment are.
Question # 5
The persons to whom the goods are dispatched for the purpsoe of sales is called.
Question # 6
Del-credere commission is allowed to cover.
Question # 7
Goods sent on consignment should be debited int he books of the consignor.
Question # 8
In consginee's books the payment of expense by consignee should be debited to
Question # 9
When the cash is received from the sale of the goods by the consigneee on behalf the consignor then it will be debited to.
Question # 10
An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called.
Question # 11
Over riding commission is calculated on.
Question # 12
For the stock unsoled with the consignee wil the debited in the books of the consignor.
Question # 13
Commission due to the consignee is calculated on.
Question # 14
the profit on consignment in the books of the consignor should be deited to.
Question # 15
In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as.
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 -
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M Mubasher Ali 18 - May - 2023 05 Min 18 Sec 12/15 -
M Malaika MA 03 - Aug - 2024 02 Min 07 Sec 10/15 -
T Tyab ali Ali 03 - May - 2023 02 Min 43 Sec 10/15 -
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M Miqi queen miqi queen 31 - May - 2023 03 Min 15 Sec 10/15
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 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 | Consignment account is in the nature of. |
A. Profit and loss account
B. Real account
C. Personal Account
D. None of these
|
| 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 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
|
| 6 | The consignee acts entirely on behalf of the |
A. Debtors
B. Creditors
C. Customer
D. Principal or consignor
|
| 7 | 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
|
| 8 | The parties involves in the consignment are. |
A. Two
B. Three
C. Four
D. Five
|
| 9 | Consignor is also called. |
A. Principal
B. Agent
C. Debtor of the consignee
D. Creditor of the consignee
|
| 10 | Abnormal loss arises due to. |
A. Natural causes
B. Evaporation drying breaking in bulk
C. Pilferage , theft fire etc.
D. Some unavoidable causes
|
Test Questions
