Which of the following serves as a receipt for goods kept in a bonded warehouse?

Assessment: WAEC SSCE - Commerce - 1999 (Objective) Subject: Commerce

Question 1 Report

Which of the following serves as a receipt for goods kept in a bonded warehouse?
Answer Details
The receipt for goods kept in a bonded warehouse is called a "Dock Warrant". A bonded warehouse is a secure facility where imported goods are stored under the supervision of customs authorities until the importer pays the necessary customs duties and taxes. The Dock Warrant serves as evidence of ownership of the goods in the warehouse and can be used as collateral for loans or as proof of ownership when transferring the goods to another party. Therefore, the correct answer is "Dock Warrant".
Read lesson note on Commerce (JAMB)
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