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.
Which of the following is used to inform the buyer that goods available for sale?
Quotation
Proforma
Advice note
Despatch book
Correct answer is C
No explanation has been provided for this answer.
Which of the following contains the complete information on goods available for sale?
Invoice
Delivery note
Consignment note
Catalogue
Correct answer is D
No explanation has been provided for this answer.
Taxes imposed on locally made goods are known as?
ad valorem
import duties
export drawback
excise duties
Correct answer is D
No explanation has been provided for this answer.
A public limited liability company can be enter into contracts because it?
has many employees
has shareholders
is legal entity
is allowed to take out debentures
Correct answer is C
No explanation has been provided for this answer.
Total assets minus current liabilities is equal to a company's?
gross profit
net profit
capital owned
capital employed
Correct answer is C
No explanation has been provided for this answer.