12th class Principle of Accounting chapter 3 online mcq test with answers for ICom part 2 Principle of Accounting Chapter 3 (Consignment Accounts)

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Sr.#	Question	Answer
1	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
2	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
3	Consignee is.	A. A principal B. An agent C. A debtor D. A creditor
4	The parties involves in the consignment are.	A. Two B. Three C. Four D. Five
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	Consignee account is of the natur eof.	A. Personal account B. Nominal account C. Real account D. None of these
7	In the books of consignee the sale of goods by the consigee credited to.	A. Sales account B. Consignor account C. Consignee's account D. None of these
8	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
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 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