Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
an invoice for #200
a debit note for #2,00
a credit note for #1,800
a debit note for #1,800
Correct answer is D
No explanation has been provided for this answer.
In response to an inquiry from a customer, a wholesaler is expected to send back
a consignment note
an order
a qoutation
an advice note
Correct answer is C
A document sent to a potential customer offering to sell goods or services at a certain price, under specified conditions.
statement of account
consular invoice
proforma invoice
statement affairs
Correct answer is A
A statement of account is a detailed report of the contents of an account. An example is a statement sent to a customer, showing billings to and payments from the customer during a specific time period, resulting in an ending balance.
The role of customs and excise authority includes the
control of the flow of goods in and out of the country
control of security agents within and out of the borders
provision of dockyards for ship repairs and maintenance
provision of transport system to facilitate imports and exports
Correct answer is A
Functions of customs and excise authorities
a bill of sight
an invoice
an indent
a bill of entry
Correct answer is A
Bill of sight refers to a declaration made to customs officer by an importer who is unsure about what is being shipped. The bill of sight allows an importer to inspect the goods before paying duties.