| 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 |
The abnormal loss on consignemnt is credited to. |
- A. Consignment account
- B. Consignment personal account
- C. Profit and loss account
- D. Goods sent on consignemnt account
|
| 3 |
The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called. |
- A. Sales account
- B. Performa invoice
- C. Account sales
- D. None of these
|
| 4 |
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
|
| 5 |
The relation ship between consignor and consignee is thet of. |
- A. Buyer and seller
- B. Debtorsde creditor
- C. Whole seller or retailer
- D. Principal and agent
|
| 6 |
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
|
| 7 |
The unsold stock is valued at |
- A. Original cost of the goods
- B. Market value of the goods
- C. Orginal cost price + proportionate direct expense incutred by the both consignor and consignee
- D. Cost of market pric ewhich wver is the lower.
|
| 8 |
Commission due to the consignee is calculated on. |
- A. Credit sales only
- B. Cash sales only
- C. Total sales
- D. None of these
|
| 9 |
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
|
| 10 |
In consignmetn all the expenses either paid by the consiger himself or by the consignee are born by the. |
- A. Consignor
- B. purchaser
- C. Consignee
- D. None of these
|
