Q328
Overriding commission is generally calculated on
A.
Cash sale only
B.
Total sales exceeding invoice value/cost
AnswerC.
Credit sales
D.
None of the above
Answer: Option B
Solution
Answer: Option B
Solution:
Overriding commission is generally calculated on Total sales exceeding invoice value/cost. Overriding Commission is the extra commission allowed to the consignee in addition to the normal commission usually for making extra efforts to sell a new product in the market.