Trade

Trade

Notes

Trade

Trade is the core of the business. Trade is the process of exchanging goods and services for money. This note has information about trade.

Procedures of Trade

There are certain steps which are followed in conducting trade. The step begins with making inquiry and ends with paying the amount of goods purchased. These steps are followed one after another serially. These are also known as methods of trade. This note has information about the procedures of trade

Home Trade

The trade which is carried on within a country is called home trade. It is internal trade in which goods are bought and sold within the boundaries of a country. This note has information about home trade and documents used in home trade.

Foreign Trade

The trade which is carried on between two or more countries is called foreign trade. It is conducted between the individuals or organizations of two or more countries. This note has information about foreign trade.

Invoice

Invoice is a bill or document issued by the seller or exporter to the buyer or importer mentioning the details of goods delivered. It is the statement of goods sold which is prepared by the seller or exporter stating the particulars of goods dispatched and net payable amount. This note has information about invoice.

WTO and SAFTA

World Trade Organization known as WTO is a specialized organization of United Nations. SAFTA is a mutual agreement made by SAARC countries to promote the mutual trade and enhance economic cooperation by ensuring the free flow of goods and services among member countries. This note has information about World Trade Organization (WTO) and South Asian Free Trade Area(SAFTA).

Means of Payment

Means of payment are the instruments used for making payment of the value of goods purchased under trade. These means are used to remit money from one place to another for settling accounts and for making cash purchases. This note has information about means of payment f the goods purchased.