Question

Conclusion on
internal trade class 11

Answer 1

Internal Trade refers to buying and selling of goods or services within the geographical limits of a country. Internal Trade can be of two types-1. Wholesale Trade 2. Retail Trade.
Wholesale Trade refers to Trade in which goods are sold in large quantities.
Retail Trade refers to buying and selling of goods in small lots.
Proforma invoice, Commercial invoice,Lorry receipt, Railway receipt, Debit receipt, Credit note are the main documents used in Internal Trade.
CoD,FoD,C&F,CI&F,E.&O.E. are the Terms used in Internal Trade.