Commission on turnover is usually a benefit accruable to the
Answer Details
Commission on turnover is usually a benefit that accrues to the "payee".
In a business transaction, the payee is the party who receives payment for goods or services provided. The commission on turnover is a type of incentive paid to the payee based on the volume of sales or turnover they generate.
For example, if a company sells products through a distributor, the distributor is the payee who receives payment for the products sold. If the company has agreed to pay a commission on turnover to the distributor, it means that the distributor will receive a percentage of the total sales generated by the products they distribute.
This is an incentive for the distributor to work hard to sell as many products as possible, as their earnings will increase with higher turnover. The commission on turnover can also be used to build loyalty and maintain good relationships between the company and the payee.
In summary, the commission on turnover is a benefit that is paid to the payee, who is the party receiving payment for goods or services provided, based on the volume of sales or turnover they generate.