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 "

Try The Short Questions For ICOM Part 2 Principles of Accounting Chapter 3 Short Questions Preparation

  • Total Questions10

  • Available Sets2

Start Test Download PDF

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

Question # 1

Write characteristics of consignment?

  • Ans 1: Some characteristics of consignment are given below:
    1. Ownership not transfer to consignee ,it remain with consignor.
    2. Relationship between consignor and consignee is that principle and agent.
    3. Consignee earns commision on sale of goods.
Submit

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

Write characteristics of consignment?

  • Ans 1: Some characteristics of consignment are given below:
    1. Ownership not transfer to consignee ,it remain with consignor.
    2. Relationship between consignor and consignee is that principle and agent.
    3. Consignee earns commision on sale of goods.
Submit

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

Question # 1

Define direct expanse of consignment.

  • Ans 1: Direct expenses are all those expenses which are incurred before searching the goods in the godown of consignee,It does not matter if these expenses are paid by consignor or consignee.
    Example: Carriage ,Freight etc.
Submit

ic-science-white
Principles of Accounting
3rd Chapter

12th Principles of Accounting Chapter 3 Test

Here you can prepare 12th Class Principles of Accounting Chapter 3 Accounts from Incomplete Records Test. Click the button for 100% free full practice test.

Start Chapter 3 Test