12th class Principle of Accounting chapter 3 short question with answers for ICom part 2 Principle of Accounting Chapter 3

Online Short Questions For Chapter 3 "ICOM Part 2 Principles of Accounting Chapter 3 Short Questions Preparation "

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Principles of Accounting - ICOM Part 2 Principles of Accounting Chapter 3 Short Questions Preparation

Question # 1

Define the term cosinee?

  • Ans 1: Consignee is the person to whom the goods are sent for sale purpose by consigner at the rate of some commision,
    Example Zahid received goods from Asad for sale purpose at some commision.
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Prepare Complete Set Wise Questions For Chapter 3 "ICOM Part 2 Principles of Accounting Chapter 3 Short Questions Preparation "

ICOM Part 2 Principles of Accounting Chapter 3 Short Questions Preparation - Set 1

Question # 1

Define the term cosinee?

  • Ans 1: Consignee is the person to whom the goods are sent for sale purpose by consigner at the rate of some commision,
    Example Zahid received goods from Asad for sale purpose at some commision.
Submit

ICOM Part 2 Principles of Accounting Chapter 3 Short Questions Preparation - Set 2

Question # 1

What is difference between "Del-credere commission" and "Overriding commission"?

  • Ans 1: Del-credere commission: Del-credere commission is an extra commission ,which is paid to consignee if loss on account of bad debts is borne by him.
  • Ans 2: Overriding commission: Overriding commission is normally granted by consignor ,when he desire his agent to work hard to push a new line of product in market.
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Principles of Accounting
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12th Principles of Accounting Chapter 3 Test

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