Question

It is one of the methods of selling.

Options

• Sale on approval

• Capital sales

• Sale on instruction

• Exchange sales

Answer 1

Sale on approval 

Explanation:

"Sale on approval" is one of the methods of selling. In a sale on approval, the buyer is allowed to take possession of the goods and try them out for a certain period before deciding to complete the purchase. If the buyer approves the goods, the sale is finalized; if not, the goods can be returned to the seller. This method is commonly used for items where the buyer needs to ensure that the product meets their requirements or expectations before committing to the purchase.