Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
The document issued to a port authority when a good are deposited is a
dock warrant
Dock landing account
Ball of sight
Bill of landing note
Correct answer is A
It is a document that shows that the goods are stored in the warehouse and it entitles the holder to take possession of the goods.
A bond which attracts interest but leaves the capital repaid is referred to as
A redeemable bond
An irredeemable bond
A development bond
A long-term loan
Correct answer is B
The bond is per petrol, which is until death. The issuing authority or entity pays a specific interest rate periodically but provides no data on when the principal will be returned.
The circulating capital of a business enterprise is classified into
Cash, work-in-progress and debtors
Cash, Vehicles, land and building
debtors, stocks of raw materials and fitting
Prepayments, debtors and equipment
Correct answer is A
circulating capital is the amount of many used for day-to-day running of the business. It is the capital available to a firm for general purpose after current liabilities have been deducted. It is the excess of current liabilities over the current liabilities
debenture
a bond
a term loan
an overdraft
Correct answer is A
It is a debenture that is grow under a seal by company in acknowledgement of a debit undertaking to repay the stated amount or sum on or before a certain date and to pay a fixed rate of interest. There are redeemable and irredeemable debenture