The receipt issued by a warehouse keeper for goods taken into the store is called?

Assessment: WAEC SSCE - Commerce - 1989 (Objective) Subject: Commerce

Question 1 Report

The receipt issued by a warehouse keeper for goods taken into the store is called?
Answer Details
The receipt issued by a warehouse keeper for goods taken into the store is called a "dock warrant." A dock warrant is a legal document that serves as proof of ownership of goods that are stored in a warehouse. It is issued by the warehouse keeper or dock manager to the owner of the goods, and it provides detailed information about the quantity, quality, and condition of the goods being stored. The dock warrant can be used as collateral for a loan or as evidence of ownership for trade transactions. When the owner of the goods wishes to take possession of them, the dock warrant must be surrendered to the warehouse keeper, who will then release the goods. In summary, a dock warrant is a type of receipt that serves as proof of ownership of goods stored in a warehouse.

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