Which of the following commission is allowed by the consignor to the consignee to encourage the consignee for putting-up hard work in introducing new product in the market?

Related MCQs

• L of Lucknow consigned goods costing ` 60,000 to A of Allahabad at an invoice price bearing 331/3 % mark up on the cost price. Goods costing ` 15,000 were damaged in the transit and the insurance company admitted the claim in full. Expenses incurred by the consignor on loading and transportation of the goods amounted to ` 1,800. The consignee incurred ` 200 on cartage and ` 6,000 as Godown Rent and sold 2/3 of the goods received by him at the invoice price. He is entitled to 5% normal commission and 2.5% del credere commission. Find the value of goods sold
• The commission given by consignor to the consignee for taking additional risks of recovery of debts on account of sales made on credit is known as ________.
• In the books of consignor, the expenses incurred by consignee should be debited to
• Consignee becomes a debtor of the consignor when
• The relationship between the consignor and the consignee is that of
• If the consignee is allowed del credere commission, then he bears —
• Del credere commission is allowed to consignee
• From the following details what will be the partners‘ commission? Net profit before charging partners‘ commission `65,000. Partners‘ commission @ 11% after charging such commission
• From the following details what will be the partners‘ commission? Net profit before charging partners‘ commission `65,000. Partners‘ commission 11% before charging such commission
• A is entitled to 10% partner‘s commission before charging such commission. Find the commission payable to A if the net profit before charging such commission amounted to ` 60,000