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MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test"
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Total Questions15
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Time Allowed20
Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test
00:00
Question # 1
For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.
Question # 2
the loss whihc arises due to natural causes such as evaporation etc is called.
Question # 3
In consignmetn all the expenses either paid by the consiger himself or by the consignee are born by the.
Question # 4
In the books of consignor on reciving advance in cash from consignee should be debited to.
Question # 5
The relation ship between consignor and consignee is thet of.
Question # 6
An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called.
Question # 7
The persons to whom the goods are dispatched for the purpsoe of sales is called.
Question # 8
In consginee's books the payment of expense by consignee should be debited to
Question # 9
Del-credere commission is allowed to cover.
Question # 10
The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called.
Question # 11
The parties involves in the consignment are.
Question # 12
Over riding commission is calculated on.
Question # 13
the profit on consignment in the books of the consignor should be deited to.
Question # 14
The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to.
Question # 15
Consignee is.
ICOM Part 2 English Medium Principles of Accounting Chapter 3 MCQ's Test
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ICom Part II Principles of Accounting Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | Commission due to the consignee is calculated on. |
A. Credit sales only
B. Cash sales only
C. Total sales
D. None of these
|
| 3 | The consignment outward books or journal is maintained by. |
A. Customers
B. Consignor
C. Consignee
D. Debtors
|
| 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 | Consignor is also called. |
A. Principal
B. Agent
C. Debtor of the consignee
D. Creditor of the consignee
|
| 6 | The consignee acts entirely on behalf of the |
A. Debtors
B. Creditors
C. Customer
D. Principal or consignor
|
| 7 | 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
|
| 8 | The consignment inward book or journalis matinained by. |
A. Consignor
B. Consignee
C. Customer
D. Debtors
|
| 9 | Consignment account is in the nature of. |
A. Profit and loss account
B. Real account
C. Personal 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
|
Test Questions
