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Yogita Ingle 5 years, 9 months ago
The following are the main documents used in the Internal trade.
1. Invoice – In case of credit purchases, a statement is supplied by the seller of goods in which he gives particulars of goods purchased by buyer such as quantity, quality, rate, total value, sales tax, trade discount, etc. It is also called a Bill or Memo. Buyer gets information all about the amount he has to pay to the seller from Invoice only.
2. Pro-Forma Invoice – The statement (or forwarding letter) containing the details of goods consigned from consigner to consignee is known as aPro-forma Invoice. It gives the particulars as regards quantity, quality, price and expenses incurred on the goods consigned. In case of consignment, consignee is an agent of consigner who is supposed to sell goods on behalf of consigner and this statement/proforma invoice is only for his information. It is also known as interim invoice.
3. Debit Note – It refers to a letter or note which is sent by the buyer to the seller stating that his (seller’s) account has been debited by the amount mentioned in note on account of goods returned herewith. It states the quantity, rate, value and the reasons for the return of goods.
4. Credit Note – It refers to a letter or note which is sent by the seller to the buyer stating that his account has been credited by the mentioned amount on account of acceptance of his claim about the goods returned by him.
5. Lorry Receipt – It refers to a receipt issued by the Transport Company for goods accepted by it for sending from one place to another. It is also known as Transport Receipt (TR) and Bilty.
6. Railway Receipt – It refers to a receipt issued by the Railways for goods accepted for sending from one station to another.
Posted by Ri . 5 years, 9 months ago
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Yogita Ingle 5 years, 9 months ago
| Definition | Also known as ordinary shares. Equity share is the foundation of the company as it raises fund. These cannot be converted to preference shares | Preference shares are the shares which promise the holder a preference over the equity shares. These can be converted to equity shares |
| Dividend |
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| Voting rights | Voting rights under general meeting | Do not have any voting rights |
| Types | These are considered as ordinary shares and thus they do not have any types | These come in various types like:
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| Liquidation | During liquidation, shareholders will have residual right over the asset even after the repayment to preference shares of the company | The shareholders will have first right after the repayment |
| Participation rights | They are primarily responsible for the management of the company | Do not have any participation rights in the company's management |
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Yogita Ingle 5 years, 9 months ago
A mate receipt is a receipt issued by the commanding officer of the ship when the cargo is loaded on board, and contains the information about the name of the vessel, berth, date of shipment.
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Yogita Ingle 5 years, 9 months ago
SFURTI : Scheme of Fund for Regeneration of Traditional Industries.
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