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	Consignor is also called.	Principal Agent Debtor of the consignee Creditor of the consignee
2	For the commission due to the consignee on the sales of goods in the books of the consignor will be credited to.	Commission account Consignee's personal account Consignement account None of these
3	When the cash is received from the sale of the goods by the consigneee on behalf the consignor then it will be debited to.	Cash account Consignor 's personal account Consignment account None of these
4	For the expenses incurred by the consignee on the sale of goods will be credited in the books of the consignor.	Cash account Consignee personal account Consignment account None of the above
5	For the stock unsoled with the consignee wil the debited in the books of the consignor.	Stock on consignment account Consignment Consignee account None of the above
6	In the books of consignee the sale of goods by the consigee credited to.	Sales account Consignor account Consignee's account None of these
7	The abnormal loss on consignemnt is credited to.	Consignment account Consignment personal account Profit and loss account Goods sent on consignemnt account
8	The expense incurred by the oconsignee in connection with the sale of the consignment goods are debited to.	Consignment account Cash account Consignor account None of these
9	The unsold stock is valued at	Original cost of the goods Market value of the goods Orginal cost price + proportionate direct expense incutred by the both consignor and consignee Cost of market pric ewhich wver is the lower.
10	Del-credere commission is allowed to cover.	Normal losses Abnormal losses Loss due to bad debts None of these
11	Commission due to the consignee is calculated on.	Credit sales only Cash sales only Total sales None of these
12	When the goods sent on consignment are sold by the consignee the account to be debited is.	Cash account Consignee personal account Consignment account None of these
13	Goods sent on consignment should be debited int he books of the consignor.	Consignee account Consignment account Goods sen ton consignment Consignor account
14	Consignment signifies.	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.
15	The persons to whom the goods are dispatched for the purpsoe of sales is called.	Debtor Consignee Consignor None of these

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