One of the Principal Functions of a Bill of Lading

question 46

True/False

One of the principal functions of a bill of lading is to act as evidence of title to the goods being carried. This allows for considerable ease in transferring ownership of the goods during transit.

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Definitions:

February

The second month of the year in the Gregorian calendar, known for having 28 days in common years and 29 days in leap years.

Variable Overhead Efficiency Variance

A measure of the efficiency in which variable overheads are used, calculated by comparing the standard cost of variable overhead for actual production to the actual variable overhead incurred.

January

January, which stands as the opening month of the year according to the Gregorian calendar.

January

January is the first month of the year in the Gregorian and Julian calendars.