ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test

12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 3 (Consignment Accounts)

ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test

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ICOM Part 2 Principles of Accounting Chapter Wise Online MCQ's Test

12th Class Principle of Accounting Online MCQ's Test with Answers for Chapter 3 (Consignment Accounts)

Sr. # Questions Answers Choice
1 The consignee acts entirely on behalf of the
  • A. Debtors
  • B. Creditors
  • C. Customer
  • D. Principal or consignor
2 Del-credere commission is allowed to cover.
  • A. Normal losses
  • B. Abnormal losses
  • C. Loss due to bad debts
  • D. None of these
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 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
5 For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.
  • A. Cash account
  • B. Consignee personal account
  • C. Consignment account
  • D. None of the above
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 The person who sends the goods to his agent for the purpose of sale is called.
  • A. Consignor
  • B. Consignee
  • C. Debtor
  • D. Creditor
8 Goods sent on consignment should be debited int he books of the consignor.
  • A. Consignee account
  • B. Consignment account
  • C. Goods sen ton consignment
  • D. Consignor account
9 Consignee is.
  • A. A principal
  • B. An agent
  • C. A debtor
  • D. A creditor
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.

Top Scorers of Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test

Z

Zunaira Zubair

Lahore16 - Jun - 2025

10/15
02 Mins 16 Sec
A

Ali Raza

Lahore13 - Apr - 2025

10/15
05 Mins 08 Sec
Z

Zunaira Zubair

Lahore16 - Jun - 2025

9/15
02 Mins 45 Sec
S

Saad Ahmed

Lahore14 - May - 2025

8/15
03 Mins 13 Sec
P

Pioneer Pipes

Lahore11 - Jun - 2025

8/15
05 Mins 17 Sec

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