Tag: home trade: agents and procedures

Questions Related to 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.

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

  1. Statement of accounts

  2. Invoice

  3. Receipt

  4. None of above

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Correct Option: B
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.

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

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

  1. Debit Notes

  2. Credit Notes

  3. Sales Letters

  4. Statement of Accounts

Show answer
Correct Option: B
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.