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.
A bank's undertaking to pay an exporter on behalf of an importer is a?
documentary credit
letter of credit
letter of hypothecation
bill of exchange
Correct answer is D
No explanation has been provided for this answer.
An organization formed mainly by traders on the same line of business is known as?
trade union
cooperative society
trade association
chamber of commerce
Correct answer is C
No explanation has been provided for this answer.
The net profit of a business is determined by?
deducting cost of goods sold from sales
deducting purchases from sales
adding commission received to gross profit
deducting all expenses from gross profit and other income
Correct answer is D
No explanation has been provided for this answer.
Which of the following is an intangible assets of a firm?
Goodwill
Reserve
Skilled personnel
Rights issue
Correct answer is A
No explanation has been provided for this answer.
The nominal value of a share is the same as its?
market value
below par value
above par value
face value
Correct answer is D
No explanation has been provided for this answer.