MCQ - Consignment Accounting - CA Foundation PDF Download

 Page 1


Consignment Accounting 
CPT Fundamentals of Accounting Chapter 7 Unit I Part 3 
 
CA. Rajesh Singh, ACA  
 
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Consignment Accounting 
CPT Fundamentals of Accounting Chapter 7 Unit I Part 3 
 
CA. Rajesh Singh, ACA  
 
Multiple Choice Question 
(MCQ ) 
 
1. P of Delhi sends out 100 boxes of toothpaste costing ` 
200 each. Each box consist of 12 packets. 60 boxes 
were sold by consignee at ` 20 per packet. Amount of 
sale value will be: 
 
   (a) ` 14,400    
 (b) ` 12,000     
 (c) ` 13,200    
 (d) ` 14,200 
 
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Page 3


Consignment Accounting 
CPT Fundamentals of Accounting Chapter 7 Unit I Part 3 
 
CA. Rajesh Singh, ACA  
 
Multiple Choice Question 
(MCQ ) 
 
1. P of Delhi sends out 100 boxes of toothpaste costing ` 
200 each. Each box consist of 12 packets. 60 boxes 
were sold by consignee at ` 20 per packet. Amount of 
sale value will be: 
 
   (a) ` 14,400    
 (b) ` 12,000     
 (c) ` 13,200    
 (d) ` 14,200 
 
2 
MCQ.. 
 
2. X of Kolkata sends out 2,000 boxes to Y of Delhi costing 
` 100 each. Consignor’s expenses ` 5,000. 1/10th of the 
boxes were lost in consignee’s godown and treated as 
normal loss. 1,200 boxes were sold by consignee. The 
value of consignment stock will be: 
  
 (a) ` 68,333    
 (b) ` 61,500  
 (c) ` 60,000    
 (d) ` 60,250 
 
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Page 4


Consignment Accounting 
CPT Fundamentals of Accounting Chapter 7 Unit I Part 3 
 
CA. Rajesh Singh, ACA  
 
Multiple Choice Question 
(MCQ ) 
 
1. P of Delhi sends out 100 boxes of toothpaste costing ` 
200 each. Each box consist of 12 packets. 60 boxes 
were sold by consignee at ` 20 per packet. Amount of 
sale value will be: 
 
   (a) ` 14,400    
 (b) ` 12,000     
 (c) ` 13,200    
 (d) ` 14,200 
 
2 
MCQ.. 
 
2. X of Kolkata sends out 2,000 boxes to Y of Delhi costing 
` 100 each. Consignor’s expenses ` 5,000. 1/10th of the 
boxes were lost in consignee’s godown and treated as 
normal loss. 1,200 boxes were sold by consignee. The 
value of consignment stock will be: 
  
 (a) ` 68,333    
 (b) ` 61,500  
 (c) ` 60,000    
 (d) ` 60,250 
 
3 
MCQ.. 
 
3. Goods costing ` 2,00,000 sent out to consignee at Cost 
+ 25%. Invoice value of the goods will be: 
   
 (a) ` 2,50,000   
 (b) ` 2,40,000  
 (c) ` 3,00,000   
 (d)  None 
  
 
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Page 5


Consignment Accounting 
CPT Fundamentals of Accounting Chapter 7 Unit I Part 3 
 
CA. Rajesh Singh, ACA  
 
Multiple Choice Question 
(MCQ ) 
 
1. P of Delhi sends out 100 boxes of toothpaste costing ` 
200 each. Each box consist of 12 packets. 60 boxes 
were sold by consignee at ` 20 per packet. Amount of 
sale value will be: 
 
   (a) ` 14,400    
 (b) ` 12,000     
 (c) ` 13,200    
 (d) ` 14,200 
 
2 
MCQ.. 
 
2. X of Kolkata sends out 2,000 boxes to Y of Delhi costing 
` 100 each. Consignor’s expenses ` 5,000. 1/10th of the 
boxes were lost in consignee’s godown and treated as 
normal loss. 1,200 boxes were sold by consignee. The 
value of consignment stock will be: 
  
 (a) ` 68,333    
 (b) ` 61,500  
 (c) ` 60,000    
 (d) ` 60,250 
 
3 
MCQ.. 
 
3. Goods costing ` 2,00,000 sent out to consignee at Cost 
+ 25%. Invoice value of the goods will be: 
   
 (a) ` 2,50,000   
 (b) ` 2,40,000  
 (c) ` 3,00,000   
 (d)  None 
  
 
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MCQ.. 
  
4. Goods costing ` 1,80,000 sent out to consignee to show 
a proft of 20% on Invoice Price.Invoice price of the goods 
will be: 
  
 (a) `2,16,000   
 (b) 2,25,000  
 (c) `2,10,000   
 (d) None 
 
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