| 1 |
The consignment inward book or journalis matinained by. |
- A. Consignor
- B. Consignee
- C. Customer
- D. Debtors
|
| 2 |
Consignee account is of the natur eof. |
- A. Personal account
- B. Nominal account
- C. Real account
- D. None of these
|
| 3 |
Consignment account is in the nature of. |
- A. Profit and loss account
- B. Real account
- C. Personal Account
- D. None of these
|
| 4 |
In the books of consignor on reciving advance in cash from consignee should be debited to. |
- A. Cash account
- B. Consignee account
- C. Consignment account
- D. None of these
|
| 5 |
In consignee's books, the acceptance of a bil of echange by consignee will be debited to. |
- A. Trading account
- B. Bill payable accont
- C. Consignor account
- D. Consignment account
|
| 6 |
Account salesis submitted by. |
- A. Teh consignor to the consignee
- B. The consignee to the consignor
- C. the debtor to the creditors
- D. The principle to his agent
|
| 7 |
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
|
| 8 |
Over riding commission is calculated on. |
- A. Cash sales only
- B. Credit sales only
- C. Total sales
- D. None of the above
|
| 9 |
the loss whihc arises due to natural causes such as evaporation etc is called. |
- A. Abnormal loss
- B. Normal loss
- C. Additional loss
- D. None of these
|
| 10 |
An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called. |
- A. Bonus
- B. Commission
- C. Del creder commision
- D. Credit commission
|
