Consignment-Test 1

Consignment account is a ————-

Goods sent on consignment Account is a ————

Consignment sales indicates —————

The abnormal loss on consignment is credited to ———————

A Proforma invoice is sent by ————-

Commission provided by the consignor to the consignee to promote credit sale is known as ————-

If no del-credere commission is paid to the consignee ———–Account.

Overriding commission is calculated on ———–

The risk of stock on consignment lies with ———–

The stock lying unsold with the consignee belongs to ————–

Accounts sales includes ————-

Who is the owner of the unsold stock left with the consignee?

The consignor sends —————- along with the consigned goods to the consignee.

——————-Commission is given to consignee for his hard work in introducing a new product in the market.

If stock is left with consignee at the end of the year, then it will be credited to ————–?

The revenue of the transaction of consignment sales is recognized ————-

The balance of “goods sent on consignment account” is transferred to ———

When the del-credere commission is allowed by consignor to consignee, abnormal loss will be born by :

Overriding commission is given by consignor to consignee in order to ————

A loss which is natural and unavoidable is called :

Periodical statement sent by consignor to consignee is known as ————-

Del-credere commission is given for ———–

At the time of valuation of unsold stock on consignment, which of the following expenses will not be included?

Overriding commission is a commission :

In absence of any agreement in consignment business the loss of goods by fire in consignees godown is borne by ————–

Over-riding commission is generally calculated on ————

If del-credere commission is allowed for bad debts, consignee will debit the bad debts amount to ————

Consignment account is a ———–account and consignee account is the nature of————-

If consigner draws a bill on consignee and discounted it with the banker, the discounting charges will be debited in ———–

The consignor is a/an ————–