Commission to promote credit sale by consignee is known as
A. Del credere commission
B. Over riding commission
C. Ordinary commission
D. Special commission
Answer: Option A
Solution(By Examveda Team)
Commission to promote credit sale by consignee is known as Del credere commission. It is a special commission given by the consignor to the consignee.This Question Belongs to Commerce >> Accounting
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Comments ( 2 )
Accounting provides information on
A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Yes its true because risk of credit sales is being taken by consignee so he is promoting credit sales.
How