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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
For the stock unsoled with the consignee wil the debited in the books of the consignor.
Question # 3
An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called.
Question # 4
The consignee acts entirely on behalf of the
Question # 5
The person who sends the goods to his agent for the purpose of sale is called.
Question # 6
In consignmetn all the expenses either paid by the consiger himself or by the consignee are born by the.
Question # 7
the profit on consignment in the books of the consignor should be deited to.
Question # 8
the loss whihc arises due to natural causes such as evaporation etc is called.
Question # 9
The parties involves in the consignment are.
Question # 10
For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.
Question # 11
For the commission due to the consignee on the sales of goods in the books of the consignor will be credited to.
Question # 12
Abnormal loss arises due to.
Question # 13
The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to.
Question # 14
The abnormal loss on consignemnt is credited to.
Question # 15
In consignee's books, the acceptance of a bil of echange by consignee will be debited to.
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 -
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M Miqi queen miqi queen 31 - May - 2023 03 Min 15 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 | 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.
|
| 3 | 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
|
| 4 | Abnormal loss arises due to. |
A. Natural causes
B. Evaporation drying breaking in bulk
C. Pilferage , theft fire etc.
D. Some unavoidable causes
|
| 5 | The relation ship between consignor and consignee is thet of. |
A. Buyer and seller
B. Debtorsde creditor
C. Whole seller or retailer
D. Principal and agent
|
| 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 | The consignee acts entirely on behalf of the |
A. Debtors
B. Creditors
C. Customer
D. Principal or consignor
|
| 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 | 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
|
| 10 | The consignment inward book or journalis matinained by. |
A. Consignor
B. Consignee
C. Customer
D. Debtors
|
Test Questions
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