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

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  • Available questions40
  • Chapter Name3

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

  • Total Questions15

  • Time Allowed20

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

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Question # 1

When the goods sent on consignment are sold by the consignee the account to be debited is.

Question # 2

Consignor is also called.

Question # 3

The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called.

Question # 4

For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.

Question # 5

The persons to whom the goods are dispatched for the purpsoe of sales is called.

Question # 6

The parties involves in the consignment are.

Question # 7

The consignment outward books or journal is maintained by.

Question # 8

the profit on consignment in the books of the consignor should be deited to.

Question # 9

In the books of consignee the sale of goods by the consigee credited to.

Question # 10

In consignee's books, the acceptance of a bil of echange by consignee will be debited to.

Question # 11

The consignment inward book or journalis matinained by.

Question # 12

the loss whihc arises due to natural causes such as evaporation etc is called.

Question # 13

In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as.

Question # 14

Del-credere commission is allowed to cover.

Question # 15

Consignment account is in the nature of.

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