| 1 |
In the books of consignor, the loss on the consignment should be crediterd to. |
- A. Consignment account
- B. Consigneee 's account
- C. Profit and loss account
- D. Gppds sent on consignemnt
|
| 2 |
The consignment outward books or journal is maintained by. |
- A. Customers
- B. Consignor
- C. Consignee
- D. Debtors
|
| 3 |
Consignor is also called. |
- A. Principal
- B. Agent
- C. Debtor of the consignee
- D. Creditor of the consignee
|
| 4 |
The person who sends the goods to his agent for the purpose of sale is called. |
- A. Consignor
- B. Consignee
- C. Debtor
- D. Creditor
|
| 5 |
The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called. |
- A. Sales account
- B. Performa invoice
- C. Account sales
- D. None of these
|
| 6 |
Over riding commission is calculated on. |
- A. Cash sales only
- B. Credit sales only
- C. Total sales
- D. None of the above
|
| 7 |
The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to. |
- A. Consignment account
- B. Cash account
- C. Consignor account
- D. None of these
|
| 8 |
The abnormal loss on consignemnt is credited to. |
- A. Consignment account
- B. Consignment personal account
- C. Profit and loss account
- D. Goods sent on consignemnt account
|
| 9 |
Abnormal loss arises due to. |
- A. Natural causes
- B. Evaporation drying breaking in bulk
- C. Pilferage , theft fire etc.
- D. Some unavoidable causes
|
| 10 |
Consignee is. |
- A. A principal
- B. An agent
- C. A debtor
- D. A creditor
|
