Business Correspondence – Test 3

___________may be used for several purpose including as a quotation or to give details and prices of goods being sent on approval.

Proforma Invoice may be used for-

It is interesting to note that________as well as_________are similar insofar as both give the details of goods.

Invoices when sent with the goods do not require a covering letter. An exception may be made when sending them to a_________

__________is sent to the other party periodically showing the opening balance, details of transactions and the closing balance.

When a customer returns goods a statement called “__________” is sent to him. This informs tte customer that his account has been credited to the extent of value of the goods returned.

The abbreviation “E&OE” stands for-

Which of the following is not related to “Bank Correspondence”?

The abbreviation ‘AAR’ stands for-

It is advisable to send a copy of the statement of account showing arrears of payment to the companies before sending the collection letter.

If the payee reports that he/she received cheques, then the seller should promptly request bank to stop payment.

Which form is obtained from the Sales Tax Authorities-

The Central Sales Tax Act, 1956 covers inter-state sales and provides for a uniform charge of

_________is chargeable from companies engaged in production of goods at applicable tariffs.

Public investment in a company is generally in the form of-

Equity share holders may receive___________on their investment.

Debenture holder may receive___________on their investment.

The Right Shares are allotted only to the existing________of the company

Which of the following letter is sent to the share holders whenever an amount becomes payable on shares?

__________ is the process by which electronic shares of an investor are converted to physical certificates in the investor’s account.

The abbreviation ‘AGM’ stands for-

_________are the official record of the proceedings of a meeting.

__________is a document that outlines the contents of a forthcoming meeting.

Non-payment of premium results in a policy being declared-

VAT stands for ……..