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

What is meant by consignor?

  • Ans 1: The manufacturer or wholesaler who sends his goods for sale purpose to his agent is known as consignor.
    Example : Asad send goods to Alex for sale purpose.
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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

What is meant by consignor?

  • Ans 1: The manufacturer or wholesaler who sends his goods for sale purpose to his agent is known as consignor.
    Example : Asad send goods to Alex for sale purpose.
Submit

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

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.
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Principles of Accounting
3rd Chapter

12th Principles of Accounting Chapter 3 Test

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