MCQs
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| Page 85 of 85 pages
Answer: Option B. -> Revenue receipt
Recovery of bad debt is a Revenue receipt. Revenue receipts are money received by a business as a result of its normal business operations.
Recovery of bad debt is a Revenue receipt. Revenue receipts are money received by a business as a result of its normal business operations.
Answer: Option D. -> Consignor
The party who sends the goods for sales on fixed commission basis is known as Consignor. Person or firm (usually the seller) who delivers a consignment to a carrier for transporting it to a consignee (usually the buyer) named in the transportation documents.
The party who sends the goods for sales on fixed commission basis is known as Consignor. Person or firm (usually the seller) who delivers a consignment to a carrier for transporting it to a consignee (usually the buyer) named in the transportation documents.
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