Question

Which of the following is not a step in the Selling Procedure?
(a) Enquiry by the intending buyer
(b) Receipt of order from the buyer
(c) Dispatch of goods to the buyer
(d) Preparation of Credit Note by the seller.

Answer 1

Explanation:

I think the option (d) is correct !!!!!!!!!!!!!!

Answer 2

'Preparation of Credit Note by the seller' is 'not a step' in the 'Selling Procedure'.

Answer: Option d

Explanation:

The 'normal procedure' for the selling goods is called Selling Routine. Selling Procedure involves the following steps:

(i) An investigation from the intending purchaser

(ii) Providing quotation to the panning purchaser

(iii) Acknowledgment of order from the purchaser

(iv) Execution of the order

(v) Invoicing

(vi) Opening Customer’s Account

(vii) 'Dispatch of the goods'  

(viii) Delivery of goods to the buyer

(ix) Receipt of 'payment and settlement' of accounts

(x) Rectification of errors