| 1 |
Consignee is. |
- A. A principal
- B. An agent
- C. A debtor
- D. A creditor
|
| 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 |
Del-credere commission is allowed to cover. |
- A. Normal losses
- B. Abnormal losses
- C. Loss due to bad debts
- D. None of these
|
| 5 |
Goods sent on consignment should be debited int he books of the consignor. |
- A. Consignee account
- B. Consignment account
- C. Goods sen ton consignment
- D. Consignor account
|
| 6 |
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
|
| 7 |
An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called. |
- A. Bonus
- B. Commission
- C. Del creder commision
- D. Credit commission
|
| 8 |
Dell creder commission is calculated on. |
- A. Total sales
- B. Cash sales
- C. Credit sales
- D. None of these
|
| 9 |
Consignment account is in the nature of. |
- A. Profit and loss account
- B. Real account
- C. Personal Account
- D. None of these
|
| 10 |
The consignee acts entirely on behalf of the |
- A. Debtors
- B. Creditors
- C. Customer
- D. Principal or consignor
|
