Commission to promote credit sale by consignee is known as
A). Del credere commission
B). Over riding commission
C). Ordinary commission
D). Special commission
A proforma invoice is sent by
A). Consignee to consignor
B). Consignee to debtors
C). Debtors to consignee
D). Consignor to consignee
Dividends are usually paid as a percentage of
A). Net profit
B). Authorized share capital
C). Called up capital
D). Paid up capital
Petty cash balance is
A). Liability
B). Income
C). Expense
D). Asset
Contra-entries are passed only when
A). Double column cash book is prepared
B). Three column cash book is prepared
C). Simple cash book is prepared
D). None of the above