In Its Relationship with an Agent,an Exporter Is Known as the

question 29

Multiple Choice

In its relationship with an agent,an exporter is known as the

• A) originator.
• B) commissioner.
• C) principal.
• D) pre-agent.
• E) None of the above

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Definitions:

Chart of Accounts

The chart of accounts is a systematic listing of all account titles and numbers used in a company's accounting system, facilitating organization and financial reporting.

Note Receivable

A financial asset representing a promise to pay a specific amount of money, plus interest if applicable, by a certain date or dates.

T-account

A T-account is a visual representation of a general ledger account that outlines a business's debits and credits.

Unearned Revenues

Income received by a company for goods or services that have yet to be delivered or performed.