Tag: documents and procedure used in home trade

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Questions Related to documents and procedure used in home trade

Multiple choice business organisation mercantile agents and account sales course of business transaction in home trade documents and procedure used in home trade home trade: agents and procedures

It is a document giving full details of goods being shipped, prepared by the exporter and sent to the importer.

  1. Statement of accounts

  2. Invoice

  3. Receipt

  4. None of above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

An invoice, bill or tab is a commercial document issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantities, and agreed prices for products or services the seller had provided the buyer. Payment terms are usually stated on the invoice.

Multiple choice business organisation mercantile agents and account sales course of business transaction in home trade documents and procedure used in home trade home trade: agents and procedures

These are demanded when buyer return goods already paid for on grounds of , say, unacceptable quality _____________.

  1. Debit Notes

  2. Credit Notes

  3. Sales Letters

  4. Statement of Accounts
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A credit note is a letter sent by the supplier to the customer notifying the customer that he or she has been credited a certain amount due to an error in the original invoice or other reasons. A credit note is also known as a credit memo, which is short for credit memorandum.