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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 parties involves in the consignment are.
Question # 2
The person who sends the goods to his agent for the purpose of sale is called.
Question # 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.
Question # 4
The consignee acts entirely on behalf of the
Question # 5
Consignment account is in the nature of.
Question # 6
The persons to whom the goods are dispatched for the purpsoe of sales is called.
Question # 7
Consignment signifies.
Question # 8
In consignmetn all the expenses either paid by the consiger himself or by the consignee are born by the.
Question # 9
Consignee is.
Question # 10
The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to.
Question # 11
In case of del creder commission the liability of bad debts is on
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
The relation ship between consignor and consignee is thet of.
Question # 14
Abnormal loss arises due to.
Question # 15
In the books of consignor, the loss on the consignment should be crediterd to.
ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test
Top Scorers Of Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test" MCQ`s Test
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Z Zainab Malik 02 - Jun - 2026 02 Min 43 Sec 14/15 -
S Subtain Ahmed Raza 15 - Jul - 2023 02 Min 56 Sec 14/15 -
F Fazilat Official 05 - Dec - 2025 03 Min 41 Sec 14/15 -
T Taha Ali 07 - May - 2024 03 Min 08 Sec 13/15 -
I ifrah mirza 29 - Apr - 2024 03 Min 41 Sec 13/15 -
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T Taiba Siddique 31 - May - 2024 00 Min 08 Sec 12/15 -
S Sheikh Zadi 13 - May - 2023 01 Min 45 Sec 12/15 -
R Raja Musa Sohail 08 - May - 2024 02 Min 39 Sec 12/15 -
A Amjad ali rajper 25 - Feb - 2024 03 Min 51 Sec 12/15 -
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M Malaika MA 03 - Aug - 2024 02 Min 07 Sec 10/15 -
S sameer abbas 06 - May - 2026 02 Min 32 Sec 10/15 -
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 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 periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called. |
A. Sales account
B. Performa invoice
C. Account sales
D. None of these
|
| 3 | 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
|
| 4 | The consignment inward book or journalis matinained by. |
A. Consignor
B. Consignee
C. Customer
D. Debtors
|
| 5 | In the books of consignor, the loss on the consignment should be crediterd to. |
A. Consignment account
B. Consigneee 's account
C. Profit and loss account
D. Gppds sent on consignemnt
|
| 6 | Consignor is also called. |
A. Principal
B. Agent
C. Debtor of the consignee
D. Creditor of the consignee
|
| 7 | 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
|
| 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 | 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
|
| 10 | The unsold stock is valued at |
A. Original cost of the goods
B. Market value of the goods
C. Orginal cost price + proportionate direct expense incutred by the both consignor and consignee
D. Cost of market pric ewhich wver is the lower.
|
Test Questions
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