Practice Test | Kullabs.com
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  • A bill of goods prepared by the seller and sent along with sold goods is called ______.

    a letter of credit
    an invoice
    a confirmation letter
    a bill of lading
  • Invoice is prepared to inform buyer ______.

    all the options are correct
    the payable amount
    providing evidence for the sale transaction
    providing the basis to maintain accounts for the goods bought and sold
  • Invoice discloses the details of goods delivered like ______.

    all the options are correct
    quantity and types of goods
    rate and total price of the goods
    means of payment or transportation
  • The invoice is the outcome of trading activity which is important in ______.

    all the options are correct
    a consignment
    home trade
    foreign trade
  • ______ is the invoice issued at that time when all the expenses up to the shipboard are borne by an exporter.

    Franco invoice
    Loco invoice
    FOB invoice
    C and F invoice
  • ______ states the local or godown price of the exporter.

    Franco invoice
    C and F invoice
    FOB invoice
    Loco invoice
  • ______ is the invoice issued at that time when it is agreed to sell goods by bearing only the cost price and freight charges of goods.

    Franco invoice
    C and F invoice
    FOB invoice
    Loco invoice
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