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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 inward book or journalis matinained by.
Question # 2
The persons to whom the goods are dispatched for the purpsoe of sales is called.
Question # 3
The relation ship between consignor and consignee is thet of.
Question # 4
Consignor is also called.
Question # 5
For the commission due to the consignee on the sales of goods in the books of the consignor will be credited to.
Question # 6
In the books of consignor on reciving advance in cash from consignee should be debited to.
Question # 7
The consignee acts entirely on behalf of the
Question # 8
Consignee is.
Question # 9
The unsold stock is valued at
Question # 10
When the goods sent on consignment are sold by the consignee the account to be debited is.
Question # 11
Account salesis submitted by.
Question # 12
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 # 13
In consginee's books the payment of expense by consignee should be debited to
Question # 14
In consignee's books, the acceptance of a bil of echange by consignee will be debited to.
Question # 15
In case of del creder commission the liability of bad debts is on
ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test
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F Fazilat Official 05 - Dec - 2025 03 Min 41 Sec 14/15 -
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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 | 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
|
| 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 | Consignee account is of the natur eof. |
A. Personal account
B. Nominal account
C. Real account
D. None of these
|
| 4 | Commission due to the consignee is calculated on. |
A. Credit sales only
B. Cash sales only
C. Total sales
D. None of these
|
| 5 | For the commission due to the consignee on the sales of goods in the books of the consignor will be credited to. |
A. Commission account
B. Consignee's personal account
C. Consignement account
D. None of these
|
| 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 | Abnormal loss arises due to. |
A. Natural causes
B. Evaporation drying breaking in bulk
C. Pilferage , theft fire etc.
D. Some unavoidable causes
|
| 8 | 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
|
| 9 | In the books of consignor on reciving advance in cash from consignee should be debited to. |
A. Cash account
B. Consignee account
C. Consignment account
D. None of these
|
| 10 | The consignment outward books or journal is maintained by. |
A. Customers
B. Consignor
C. Consignee
D. Debtors
|
Test Questions
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