| 1 |
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
|
| 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 |
Consignee account is of the natur eof. |
- A. Personal account
- B. Nominal account
- C. Real account
- D. None of these
|
| 4 |
Consignment account is in the nature of. |
- A. Profit and loss account
- B. Real account
- C. Personal Account
- D. None of these
|
| 5 |
Dell creder commission is calculated on. |
- A. Total sales
- B. Cash sales
- C. Credit sales
- D. None of these
|
| 6 |
When the cash is received from the sale of the goods by the consigneee on behalf the consignor then it will be debited to. |
- A. Cash account
- B. Consignor 's personal account
- C. Consignment account
- D. None of these
|
| 7 |
Del-credere commission is allowed to cover. |
- A. Normal losses
- B. Abnormal losses
- C. Loss due to bad debts
- D. None of these
|
| 8 |
Consignee is. |
- A. A principal
- B. An agent
- C. A debtor
- D. A creditor
|
| 9 |
For the stock unsoled with the consignee wil the debited in the books of the consignor. |
- A. Stock on consignment account
- B. Consignment
- C. Consignee account
- D. None of the above
|
| 10 |
In consginee's books the payment of expense by consignee should be debited to |
- A. Consignment account
- B. Consignnors account
- C. Cash account
- D. None of these
|
