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Question
The commission allowed by consignor to the consignee to bear the bad debts on account of credit sales is called _______________.
The commission allowed by consignor to the consignee to bear the bad debts on account of credit sales is called _______________.
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Solution
The correct option is C Del-Credere Commission
The consignee would make sales on credit.Where the consignee is in receipt of Del credere commission he would be responsible for the collection of debtors and thus the consignor would have to bear the loss on account of bad debts.
The consignee would make sales on credit.Where the consignee is in receipt of Del credere commission he would be responsible for the collection of debtors and thus the consignor would have to bear the loss on account of bad debts.
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