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Financial Statements - 2 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountFinancial Statements - 21 Mark
MCQ
Del Credere commission is allowed to the consignee to bear $......$
  • A
    Normal loss
  • B
    Abnormal loss
  • ✓
    Risk of bad debts
  • D
    Profit on account of sender
✓

Answer

Correct option: C.
Risk of bad debts

Its a special commission given by the consignor to the consignee. When the del credere commission is given, the consignee undertakes the risk of bad debts arising out of the credit sale.

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