Question # 1

The consignment outward books or journal is maintained by.

Choose an answer

Customers

Consignor

Consignee

Debtors

Consignor is also called.

Choose an answer

Principal

Agent

Debtor of the consignee

Creditor of the consignee

When the goods sent on consignment are sold by the consignee the account to be debited is.

Choose an answer

Cash account

Consignee personal account

Consignment account

None of these

Consignment signifies.

Choose an answer

Goods despatched by the owner to his agent

Goods forwarded by the creditor to his debtor

Goods forwarded from one place to another

Goods sent by the owner to his agent for the purpose of sale.

Consignee account is of the natur eof.

Choose an answer

Personal account

Nominal account

Real account

None of these

The abnormal loss on consignemnt is credited to.

Choose an answer

Consignment account

Consignment personal account

Profit and loss account

Goods sent on consignemnt account

The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to.

Choose an answer

Consignment account

Cash account

Consignor account

None of these

For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.

Choose an answer

Cash account

Consignee personal account

Consignment account

None of the above

In consignmetn all the expenses either paid by the consiger himself or by the consignee are born by the.

Choose an answer

Consignor

purchaser

Consignee

None of these

the loss whihc arises due to natural causes such as evaporation etc is called.

Choose an answer

Abnormal loss

Normal loss

Additional loss

None of these

In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as.

Choose an answer

Salary

Wages

Profit

Commission

More Classes

Other Links

Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer