(A) Loss in weight due to weather conditions
(B) Shortage during transit
(C) Breakage during handling
(D) Loss in value due to market conditions
Tag: Accounting Mcqs
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