12th Class ICom Part 2 Principles of Accounting Chapter Wise Online MCQ Test with answers PDF English Medium

Principles of Accounting Icom Part 2 English Medium Online Test

Sr. #	Questions	Answers Choice
1	In the books of consignor, the loss on the consignment should be crediterd to.	Consignment account Consigneee 's account Profit and loss account Gppds sent on consignemnt
2	The losses arise in consignment transactions, such as loss of goods in transit, theft, goods damaged or destroyed by fire etc are.	Normal losses Additional loss Abnormal losses Both abnormal and normal loss
3	Over riding commission is calculated on.	Cash sales only Credit sales only Total sales None of the above
4	the loss whihc arises due to natural causes such as evaporation etc is called.	Abnormal loss Normal loss Additional loss None of these
5	In case of del creder commission the liability of bad debts is on	Consignee Consignor Both on consignee and consignor None of the above
6	An additional commission paid to the consignee who gurantees the payment in case of credit sale, is called.	Bonus Commission Del creder commision Credit commission
7	In consignment , the remuneration allowd to consignee for selling the goods of the consignor, is termed as.	Salary Wages Profit Commission
8	The periodical report which is prepared by consignee and send to consignor, which shows the detail about the sales of goods is called.	Sales account Performa invoice Account sales None of these
9	The consignment inward book or journalis matinained by.	Consignor Consignee Customer Debtors
10	Consignee is.	A principal An agent A debtor A creditor
11	The relation ship between consignor and consignee is thet of.	Buyer and seller Debtorsde creditor Whole seller or retailer Principal and agent
12	the profit on consignment in the books of the consignor should be deited to.	Consignnment account Profit and loss account Consignee 's account None of these
13	Account salesis submitted by.	Teh consignor to the consignee The consignee to the consignor the debtor to the creditors The principle to his agent
14	Consignment account is in the nature of.	Profit and loss account Real account Personal Account None of these
15	Dell creder commission is calculated on.	Total sales Cash sales Credit sales None of these

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