What do you mean by Del Credere Commission
- 9 Answers
- 42983 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / yamini
This commision is paid by the consignor to the consignee
for taking additional risk of recovery of debts on account
of credit sales made by the consignee on consignor's
behalf .
| Is This Answer Correct ? | 107 Yes | 6 No |
Answer / manish
An extra commission is allowed for undertaking the risk of
bad debts arising out of credit sales.This extra commission
is termed Del Credere commission.
| Is This Answer Correct ? | 53 Yes | 8 No |
Answer / ankur
This commision is paid by the consignor to the AGENT for
taking additional risk of recovery of debts from the
consignee on account of credit sales made by the AGENT on
consignor's behalf .
| Is This Answer Correct ? | 25 Yes | 4 No |
Answer / anusha
commission given to the consignee in addition to the normal commission the main purpose is the consignee to bear or absorber the loss of account of bad debts if any arising out of credit sales of consignment goods .once d consignee is received the dellcrader commission he becomes liable to all loss and account of non recovery of bad debts
| Is This Answer Correct ? | 15 Yes | 1 No |
Answer / blessing mirabel
it is an extra commission given
to an agent who undertakes to
indemnify his principal against
bad debts in respect to the
goods sold on credit by the
agent.
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / bellyncier
is a fee received by a sales agent from a principal for
guaranteeing the payment of goods sold on credit.
| Is This Answer Correct ? | 4 Yes | 4 No |
Answer / pooja
It is a type of commission paid by the consignor for increase the sale & to encourage the consignee to make credit sale,so that the consignor provide an additional commission generally known as Del - Credere commission
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / jigs barot
it's sale promotion scheme.. Created by consignor... We can easily say that if consignor get benefits... He giveS obviously extra benefit to consignee making more suitable way for sales..
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / pradeep reddy
This commission is given to the consignee to cover the risk of loss relating to bad debts
| Is This Answer Correct ? | 0 Yes | 2 No |
Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,
1 Answers Elevates Infosolution,
Where we have to take the Director's current account, wages a/c, Accruals, sales tax payable in Balancesheet
what is the uniform public construction cost accounting act?
Queries for Big4 Articleship : Whether son of CA in practice effects chances.
What is debit side of dividend?
What is direct expenses
Expand F A Qs
Do you need a loan?
How To Take Sheet 1 Data To Sheet 4 Without Cut,Copy ,Paste
Difference between a pay-order and draft?
Expand---------MTRS
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
Audit 
