(A) Loss in weight due to weather conditions
(B) Shortage during transit
(C) Breakage during handling
(D) Loss in value due to market conditions
Category: Accounting Mcqs
Users will find here Accounting Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer Commerce and all other types of Commerce related, Competitive Exams and Interviews. Commerce students can prepare their Accounting Portion for all test from here.
Consignment Account is a __ A/c.
(A) Personal
(B) Nominal
(C) Real
(D) Dummy
A consignee is entitled to __.
(A) Commission on sales
(B) Reimbursement of the expenses
(C) Del credere commission
(D) All of these
A consignor is entitled to __.
(A) Profit on consignment
(B) Commission on Sales
(C) Reimbursement of expenses
(D) Interest on capital
Loss of goods in transit is borne by__.
(A) Consignee
(B) Consignor
(C) Both (a) and (b) proportionately
(D) Insurance company
On early retirement of a B/E who suffers loss of interest __.
(A) Drawee
(B) Drawer
(C) Payee
(D) None
Early payment of a Bill of Exchange is known as __.
(A) Retirement
(B) Renewal
(C) Discount
(D) Endorsement
Retirement of a bill of exchange means __.
(A) Cancellation of bill
(B) Premature payment of bill
(C) Discounting of bill
(D) Endorsement of bill