12th Class Accounting MCQS Consignment Accounts Online Test 2

3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-the-audit-of-company-is-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-compulsory-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-the-decrease-in-the-value-of-intangible-assets-is-known-as-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-eamortization-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-the-value-of-good-will-is-calculated-with-the-help-of-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-eall-of-the-above-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-under-diminishing-balance-method-2-c-account-of-annual-depreciation-gradually-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-decrease-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-we-cannot-prepare-the-trial-balance-and-precise-balance-sheet-under-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-esingle-entry-system-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-when-the-incoming-partner-pays-the-firm-for-goodwill-in-cash-2-c-the-amount-should-be-debited-in-firm-books-to-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-ecash-account-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-ea-person-who-joins-the-partnership-business-is-called-individually-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-partner-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-credit-side-of-income-26-amp-3-b-expenditure-account-records-3-a-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-income-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-the-amount-of-depreciation-charged-to-machinery-is-debited-to-3-a-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-machinery-account-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-27-5-c-5-c-22-font-size-5-c-5-c-3-a-10-0-pt-5-c-5-c-22-27-3-e-3-cspan-style-3-d-27-5-c-5-c-22-font-family-5-c-5-c-3-a-22-tahoma-22-2-c-22-sans-serif-22-5-c-5-c-22-27-3-e-maximum-numbers-in-partnership-5-c-5-c-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-27-5-c-5-c-22-font-size-5-c-5-c-3-a-10-0-pt-5-c-5-c-22-27-3-e-3-cspan-style-3-d-27-5-c-5-c-22-font-family-5-c-5-c-3-a-22-tahoma-22-2-c-22-sans-serif-22-5-c-5-c-22-27-3-e-20-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,abnormal-loss-occurs-due-to-3-a_-_all-of-these,an-account-sales-statement-is-prepared-by-3-a_-_consignee,delcredere-commission-is-received-by-3-a_-_both-a-26-amp-3-b-b,goods-sent-on-consignment-should-be-debited-in-the-books-of-consignor-to-3-a_-_consignment-account,in-book-of-consignee-2-c-del-credere-commission-should-be-debited-to-3-a_-_consignor-e-2-80-99-s-account,in-book-of-consignor-2-c-profit-on-consignment-should-be-credited-to-3-a_-_profit-and-loss-account,in-book-of-consignor-e-2-80-99-s-2-c-abnormal-loss-of-goods-should-be-credited-to-3-a_-_consignment-account,in-consignee-e-2-80-99-s-book-the-payment-of-expenses-by-consignee-personally-should-be-credited-to-3-a_-_cash-account,in-consignment-it-is-prepared-to-find-out-the-value-of-profit-or-loss-3-a_-_consignment-account,in-sale-the-risk-and-damages-attached-to-goods-sold-transferred-to-3-a_-_buyer,in-the-books-of-consignee-2-c-the-sale-of-goods-by-the-consignee-is-credited-to-3-a_-_sales-account,the-act-of-sending-goods-by-owner-to-his-agent-for-sale-is-called-3-a_-_consignment,the-manufacture-or-wholesaler-who-sends-his-sends-his-goods-for-sale-purpose-is-known-as-3-a_-_consignor,the-register-which-is-maintained-by-consigner-to-keep-full-record-of-the-goods-received-is-called-3-a_-_consignment-inward-book,the-relationship-between-seller-and-buyer-of-goods-is-that-of-a-3-a_-_debtor-and-creditor