| 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 |
Abnormal loss arises due to. |
- A. Natural causes
- B. Evaporation drying breaking in bulk
- C. Pilferage , theft fire etc.
- D. Some unavoidable causes
|
| 3 |
The losses arise in consignment transactions, such as loss of goods in transit, theft, goods damaged or destroyed by fire etc are. |
- A. Normal losses
- B. Additional loss
- C. Abnormal losses
- D. Both abnormal and normal loss
|
| 4 |
Goods sent on consignment should be debited int he books of the consignor. |
- A. Consignee account
- B. Consignment account
- C. Goods sen ton consignment
- D. Consignor account
|
| 5 |
Consignor is also called. |
- A. Principal
- B. Agent
- C. Debtor of the consignee
- D. Creditor of the consignee
|
| 6 |
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
|
| 7 |
For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor. |
- A. Cash account
- B. Consignee personal account
- C. Consignment account
- D. None of the above
|
| 8 |
The person who sends the goods to his agent for the purpose of sale is called. |
- A. Consignor
- B. Consignee
- C. Debtor
- D. Creditor
|
| 9 |
In the books of consignee the sale of goods by the consigee credited to. |
- A. Sales account
- B. Consignor account
- C. Consignee's account
- D. None of these
|
| 10 |
In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as. |
- A. Salary
- B. Wages
- C. Profit
- D. Commission
|
