| 1 |
the profit on consignment in the books of the consignor should be deited to. |
- A. Consignnment account
- B. Profit and loss account
- C. Consignee 's account
- D. None of these
|
| 2 |
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
|
| 3 |
Commission due to the consignee is calculated on. |
- A. Credit sales only
- B. Cash sales only
- C. Total sales
- D. None of these
|
| 4 |
Dell creder commission is calculated on. |
- A. Total sales
- B. Cash sales
- C. Credit sales
- D. None of these
|
| 5 |
Abnormal loss arises due to. |
- A. Natural causes
- B. Evaporation drying breaking in bulk
- C. Pilferage , theft fire etc.
- D. Some unavoidable causes
|
| 6 |
The persons to whom the goods are dispatched for the purpsoe of sales is called. |
- A. Debtor
- B. Consignee
- C. Consignor
- D. None of these
|
| 7 |
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
|
| 8 |
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
|
| 9 |
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
|
| 10 |
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
|
