CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

Account Sales _____________.

A
Have a very particular format
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Does not have a specific format
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Must be prepared by law
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Given by consignor to consignee
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B Does not have a specific format
Account sales is a statement specifying the price at which the goods are sold, the commission earned by the consignee, the expenses incurred by the consignee on behalf of the consignment and the net balance for which the consignee is liable. It is prepared by the consignee and does not have a fixed or specified format.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to Profitability Ratios
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon