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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 consignment outward books or journal is maintained by.
Question # 2
Over riding commission is calculated on.
Question # 3
The losses arise in consignment transactions, such as loss of goods in transit, theft, goods damaged or destroyed by fire etc are.
Question # 4
Consignee account is of the natur eof.
Question # 5
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 # 6
The persons to whom the goods are dispatched for the purpsoe of sales is called.
Question # 7
Del-credere commission is allowed to cover.
Question # 8
The person who sends the goods to his agent for the purpose of sale is called.
Question # 9
In the books of consignor on reciving advance in cash from consignee should be debited to.
Question # 10
The consignee acts entirely on behalf of the
Question # 11
In the books of consignee the sale of goods by the consigee credited to.
Question # 12
The unsold stock is valued at
Question # 13
An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called.
Question # 14
Consignment account is in the nature of.
Question # 15
Commission due to the consignee is calculated on.
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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Z Zainab Malik 02 - Jun - 2026 02 Min 43 Sec 14/15 -
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 -
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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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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 | Commission due to the consignee is calculated on. |
A. Credit sales only
B. Cash sales only
C. Total sales
D. None of these
|
| 2 | The consignee acts entirely on behalf of the |
A. Debtors
B. Creditors
C. Customer
D. Principal or consignor
|
| 3 | The parties involves in the consignment are. |
A. Two
B. Three
C. Four
D. Five
|
| 4 | Consignor is also called. |
A. Principal
B. Agent
C. Debtor of the consignee
D. Creditor of the consignee
|
| 5 | Consignment account is in the nature of. |
A. Profit and loss account
B. Real account
C. Personal Account
D. None of these
|
| 6 | 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
|
| 7 | 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.
|
| 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 unsold stock is valued at |
A. Original cost of the goods
B. Market value of the goods
C. Orginal cost price + proportionate direct expense incutred by the both consignor and consignee
D. Cost of market pric ewhich wver is the lower.
|
| 10 | For the stock unsoled with the consignee wil the debited in the books of the consignor. |
A. Stock on consignment account
B. Consignment
C. Consignee account
D. None of the above
|
Test Questions