Cash discount
Trade discount
Quantity discount
Seasonal discount.
Correct answer is A
No explanation has been provided for this answer.
Which of the following gives the correct order in which the listed documents are used?
debit note, order, delivery note, invoice and statement
order, delivery note, invoice, debit note and statement
statement, order, invoice, delivery note and debit note
invoice, order, statement, debit note and delivery note
Correct answer is B
No explanation has been provided for this answer.
RRF as a scheme introduced by the central bank of Nigeria means
recording and Rediscounting Facility
refinancing and Recording Facility
refinancing and Rediscounting Facility
refinancing and Reinvesting Facility
Correct answer is D
No explanation has been provided for this answer.
Most foreign trade transaction are paid for through the use of
central bank cheques
bank drafts drawn by commercial banks on their foreign branches
irrevocable and confirmed letters of credit
letters of credit authenticated by the embassies of the respective countries
Correct answer is C
No explanation has been provided for this answer.
Goods imported into a country for the purpose of re-exporting attracts a rebate known as
customs draw back
export royalty
incentive
export rebate
Correct answer is A
No explanation has been provided for this answer.