| 1 |
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
|
| 2 |
The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to. |
- A. Consignment account
- B. Cash account
- C. Consignor account
- D. None of these
|
| 3 |
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
|
| 4 |
In consginee's books the payment of expense by consignee should be debited to |
- A. Consignment account
- B. Consignnors account
- C. Cash account
- D. None of these
|
| 5 |
The person who sends the goods to his agent for the purpose of sale is called. |
- A. Consignor
- B. Consignee
- C. Debtor
- D. Creditor
|
| 6 |
Account salesis submitted by. |
- A. Teh consignor to the consignee
- B. The consignee to the consignor
- C. the debtor to the creditors
- D. The principle to his agent
|
| 7 |
Consignee account is of the natur eof. |
- A. Personal account
- B. Nominal account
- C. Real account
- D. None of these
|
| 8 |
The parties involves in the consignment are. |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 9 |
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
|
| 10 |
Consignee is. |
- A. A principal
- B. An agent
- C. A debtor
- D. A creditor
|
