Subject: Accountancy
The trade which is carried on within a country is called home trade. It is an internal trade in which goods are bought and sold within the boundaries of a country. In home trade, payment is made in national currency. In home trade, the party involved in purchasing goods is called the buyer and the party involved in selling goods are called the seller.
In the process of buying and selling, some documents are created and exchanged between the buyer and seller. These documents support the trade legally. These serve as evidence. The following are the main documents used in home trade: -
Explain the documents used in home trade.
In the process of buying and selling, some documents are created and exchanged between the buyer and seller. These documents support the trade legally. These serve as evidences. The following are the main documents used in home trade: -
What is home trade?
The trade which is carried on within a country is called home trade. It is an internal trade in which goods are bought and sold within the boundaries of a country.
What do you mean by home trade? Explain its types.
The act of buying and selling of goods and services between the persons or parties of the same country with the motive of earning profit is known as home trade. Following are the two types of home trade:
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