Accounting for consignment True or false quiz
Posted in: Accounting for consignment (quizzes)
1. Consignor's account is a nominal account.
2. Consignor's account is a real account.
3. Consignor's account is a personal account.
4. Consignee's account is a nominal account.
5. Consignee's account is a real account.
6. Consignee's account is a personal account.
7. Consignment account is a nominal account.
8. Consignment account is a real account.
9. Consignment account is a personal account.
10. Goods sent on consignment account is a nominal account.
11. Goods sent on consignment account is a real account.
12. Goods sent on consignment account is a personal account.
13. The debit balance of consignment account represents net profit.
14. The credit balance of consignment account represents net profit.
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Good simple but nice quizzes
Nice quizzes