1.Write short notes on : (i) Address commission; (ii) Bunker cost; (iii) Primage; and (iv) Passage..

1.Write short notes on : (i) Address commission; (ii) Bunker cost; (iii) Primage; and (iv) Passage money. 2. A voyage is a journey made by water or

Don't use plagiarized sources. Get Your Custom Essay on
1.Write short notes on : (i) Address commission; (ii) Bunker cost; (iii) Primage; and (iv) Passage..
Just from $13/Page
Order Essay

A road

B in space

C none of these.

3. A voyage account, in form, is just like a

A trading account

B rofit and loss account

C none of these.

4. Address commission is calculated as a percentage on the freight earned including

A primary

B passage money

C none of these.

5. The voyage account is closed at the end of the

A accounting period

B voyage

C none of these.

6. The voyage account is prepared for a particular

A voyage

B accounting period

C none of these.

7. S.S. Maharaja commenced a voyage on 1st April, 2015 from Bombay to London and back. The voyage was completed on 31st May, 2015. She carried a consignment of tea on her outward journey and of woolen garments on her return journey. The ship was insured at an annual premium of ~ 24,000. From the following particulars, prepare a Voyage Account:

Address commission @ 4% on outward and 5% on return freight. The manager is entitled to the commission of 10%

on the profit earned before charging such commission.