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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 consignee acts entirely on behalf of the
Question # 2
In consignee's books, the acceptance of a bil of echange by consignee will be debited to.
Question # 3
An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called.
Question # 4
the profit on consignment in the books of the consignor should be deited to.
Question # 5
Consignment signifies.
Question # 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.
Question # 7
The unsold stock is valued at
Question # 8
Consignee is.
Question # 9
In the books of consignor, the loss on the consignment should be crediterd to.
Question # 10
The relation ship between consignor and consignee is thet of.
Question # 11
In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as.
Question # 12
The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called.
Question # 13
For the stock unsoled with the consignee wil the debited in the books of the consignor.
Question # 14
Consignment account is in the nature of.
Question # 15
Consignee account is of the natur eof.
ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test
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ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 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 | 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
|
| 4 | Dell creder commission is calculated on. |
A. Total sales
B. Cash sales
C. Credit sales
D. None of these
|
| 5 | Consignee is. |
A. A principal
B. An agent
C. A debtor
D. A creditor
|
| 6 | Commission due to the consignee is calculated on. |
A. Credit sales only
B. Cash sales only
C. Total sales
D. None of these
|
| 7 | The parties involves in the consignment are. |
A. Two
B. Three
C. Four
D. Five
|
| 8 | 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
|
| 9 | The consignment outward books or journal is maintained by. |
A. Customers
B. Consignor
C. Consignee
D. Debtors
|
| 10 | 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.
|
Test Questions