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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
For the stock unsoled with the consignee wil the debited in the books of the consignor.
Question # 2
Consignment signifies.
Question # 3
Consignor is also called.
Question # 4
In the books of consignor, the loss on the consignment should be crediterd to.
Question # 5
The person who sends the goods to his agent for the purpose of sale is called.
Question # 6
Consignee account is of the natur eof.
Question # 7
Consignee is.
Question # 8
For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.
Question # 9
Over riding commission is calculated on.
Question # 10
The parties involves in the consignment are.
Question # 11
Consignment account is in the nature of.
Question # 12
For the commission due to the consignee on the sales of goods in the books of the consignor will be credited to.
Question # 13
In consginee's books the payment of expense by consignee should be debited to
Question # 14
Commission due to the consignee is calculated on.
Question # 15
Abnormal loss arises due 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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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 -
F Fatima Waseem 09 - Dec - 2024 05 Min 03 Sec 13/15 -
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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 -
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T Tyab ali Ali 03 - May - 2023 02 Min 43 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 | Consignment account is in the nature of. |
A. Profit and loss account
B. Real account
C. Personal Account
D. None of these
|
| 2 | The consignee acts entirely on behalf of the |
A. Debtors
B. Creditors
C. Customer
D. Principal or consignor
|
| 3 | 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.
|
| 4 | 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
|
| 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 | 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
|
| 7 | 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
|
| 8 | The consignment inward book or journalis matinained by. |
A. Consignor
B. Consignee
C. Customer
D. Debtors
|
| 9 | the profit on consignment in the books of the consignor should be deited to. |
A. Consignnment account
B. Profit and loss account
C. Consignee 's account
D. None of these
|
| 10 | 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
|
Test Questions
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