| 1 |
In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as. |
- A. Salary
- B. Wages
- C. Profit
- D. Commission
|
| 2 |
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
|
| 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
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| 4 |
The consignment inward book or journalis matinained by. |
- A. Consignor
- B. Consignee
- C. Customer
- D. Debtors
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| 5 |
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
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| 6 |
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
|
| 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.
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| 8 |
The persons to whom the goods are dispatched for the purpsoe of sales is called. |
- A. Debtor
- B. Consignee
- C. Consignor
- D. None of these
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| 9 |
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
|
| 10 |
Over riding commission is calculated on. |
- A. Cash sales only
- B. Credit sales only
- C. Total sales
- D. None of the above
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