CMA Foundation Dec 2026 | Paper 2 FFCA — Consignment ALL MCQs Solved

CMA Foundation December 2026 students — this video covers ALL MCQs on Consignment from Paper 2 (FFCA), solved one by one with clear reasoning for each option. 📌 What's covered in this video: ✅ Del Credere Commission — meaning and calculation ✅ Normal loss vs abnormal loss on consignment ✅ Invoice Price calculation — Cost, Invoice Price & Loading (CP-IP-Load) shortcut ✅ Effective cost per unit after normal loss ✅ Commission calculation — flat rate and surplus-based commission ✅ Advance payment calculation based on sale value ✅ Consignment stock valuation — recurring vs non-recurring expenses ✅ Account Sales vs Proforma Invoice ✅ Consignment vs Sale — similarities and differences ✅ Free downloadable PDF with all solved MCQs 🎯 Consignment is a calculation-heavy chapter in CMA Foundation FFCA — once you master the CP-IP-Load shortcut used throughout this video, every consignment MCQ becomes a 20-second solve. 📥 FREE PDF DOWNLOAD: Link available in the description box below and pinned as the first comment. 💬 Got doubts on any question? Drop them in the comments — I'll help you out. ⏱️ TIMESTAMPS: 0:01 Intro — Consignment MCQs 0:22 Del Credere Commission — Meaning 0:32 Abnormal Loss on Consignment 0:47 Normal Loss & Effective Cost Per Unit 1:43 Del Credere Commission on Total Sales 2:11 Commission Calculation with Invoice Price 4:33 Goods Lost in Transit & Sale Value Calculation 6:36 Account Sales vs Proforma Invoice 6:47 Consignment Stock Valuation in Balance Sheet 7:18 Advance Payment Based on Sale Value 8:25 Invoice Value Calculation (Cost + Load) 9:09 Percentage of Loading on Invoice Price 9:58 Similarity Between Sale and Consignment 10:19 Stock Loading Calculation Example 11:16 Expenses Excluded from Closing Stock Valuation 12:05 Total Markup Over Cost Price 13:15 Consignment Account — Nominal Account 13:26 Goods with Consignee Shown as Closing Stock 13:43 Consignment Account on Accrual Basis 13:56 Commission with Surplus Over Invoice Value 16:43 Shipment of Goods — Consignment Definition 👉 Subscribe for more CMA Foundation Paper 2 FFCA chapter-wise MCQ solving, free study material, and exam strategy. --- 🔗 Useful Links: Free PDF (Consignment MCQs Solved): [link in description/pinned comment] Full ICMAI Question Bank Playlist: Must Do Kit For December 2026: ❓ FREQUENTLY ASKED QUESTIONS Q1. What is Del Credere Commission? A. Del Credere Commission is a special commission paid to the consignee to cover the risk of bad debts arising from credit sales made on behalf of the consignor. Q2. Where is abnormal loss on consignment recorded? A. Abnormal loss on consignment is credited to the Consignment Account (shown as "By Abnormal Loss"). Q3. How do you calculate invoice price when goods are sent at cost plus a loading percentage? A. Use the Cost-Invoice Price-Load (CP-IP-Load) relationship: if the load is a percentage on cost, add it directly to 100 (cost). If the load is a percentage on invoice price (sale price), set invoice price as 100 and work out the cost accordingly. Q4. What is the difference between normal loss and abnormal loss in consignment? A. Normal loss (like an unavoidable percentage loss during transit) is not given any separate value and inflates the effective cost per unit of the remaining goods. Abnormal loss is a separate, identifiable loss and is credited to the Consignment Account at its proportionate cost. Q5. What document does the consignee send to the consignor, and what does the consignor send to the consignee? A. The consignee sends an Account Sales to the consignor (showing sales made, expenses incurred, and commission). The consignor sends a Proforma Invoice to the consignee at the time goods are dispatched. Q6. How is consignment stock (goods lying with the consignee) shown in the consignor's books? A. Consignment stock is shown on the asset side of the consignor's balance sheet, valued at cost — calculated by deducting the loading (stock reserve) from the invoice price. Q7. What is the key similarity and difference between a sale and a consignment? A. In both, physical possession of stock moves out of the business. However, in a sale, ownership also transfers to the buyer, while in a consignment, ownership remains with the consignor until the consignee actually sells the goods. 📚 Join Our CA/ CMA Foundation & Intermediate Classes 👉 Modes: Face-to-Face (Kolkata), Live Online, Google Drive, and Pendrive 📞 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: / 🌐 𝐕𝐢𝐬𝐢𝐭: ‎🌐 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩 𝐂𝐡𝐚𝐧𝐧𝐞𝐥: 🌐 𝐓𝐞𝐥𝐞𝐠𝐫𝐚𝐦: 🌐 𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦: #CMAFoundation #FFCA #Consignment #CMAFoundationDecember2026