Del Credere Commission in consignment business is generally payable on

Related MCQs

• Which of the following term is applicable about consignment?
• The Consignment Accounting is made on the following basis
• The abnormal loss on consignment is credited to:
• Goods sent on consignment account is of the nature of
• In a joint venture X and Y sharing p rofit and loss equally, X purchased goods costing of 40,000 and Y sold the goods for 50,000. X is entitled to get 1% commission on purchase and Y is entitled to get 5% commission on sales, the profit will be
• X of Delhi send out certain goods at cost + 25% of cost. Invoice value of goods is 1,20,000. 4/5th of the goods were sold by consignee at 1,00,000. Commission @ 2% up to invoice value and 10% of any surplus above invoice. The amount of commission will be
• X sends out certain goods to Y, costing 1,50,000 at cost plus 25% on invoice price. ¾ of the goods were sold by R at 1,76,000. Commission 5% upto invoice value a nd 10% of any surplus above invoice value. The amount of commission will be
• Accounts payable normally has ……………………….. balnce.
• The petty cashier generally works on ……………………. System
• ……………………… will generally show a debit balance.