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

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  • Available questions40
  • Chapter Name3
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Principles of Accounting Icom Part 2 English Medium Chapter 3 Online Test

  • Total Questions15

  • Time Allowed20

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

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Question # 1

The losses arise in consignment transactions, such as loss of goods in transit, theft, goods damaged or destroyed by fire etc are.

Question # 2

The parties involves in the consignment are.

Question # 3

Over riding commission is calculated on.

Question # 4

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

Question # 5

Goods sent on consignment should be debited int he books of the consignor.

Question # 6

The consignment outward books or journal is maintained by.

Question # 7

In the books of consignor, the loss on the consignment should be crediterd to.

Question # 8

Consignment signifies.

Question # 9

When the cash is received from the sale of the goods by the consigneee on behalf the consignor then it will be debited to.

Question # 10

Account salesis submitted by.

Question # 11

The persons to whom the goods are dispatched for the purpsoe of sales is called.

Question # 12

Abnormal loss arises due to.

Question # 13

The consignee acts entirely on behalf of the

Question # 14

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

Question # 15

the profit on consignment in the books of the consignor should be deited to.

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