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.
When shares are fully paid they can be converted into?
bonds
debentures
stocks
treasury bills
Correct answer is C
No explanation has been provided for this answer.
The drawer of a bill of exchange which is not discount is also the?
30 days
2months
6 months
12 months
Correct answer is C
No explanation has been provided for this answer.
The trade document signed by a representative of the country to which is not discounted is also the?
consular invoice
certificate invoice
consignment invoice
proforma invoice
Correct answer is A
No explanation has been provided for this answer.
Quotation
Letter of Enquiry
Proforma invoice
Advice note
Correct answer is B
No explanation has been provided for this answer.
An agreement by which a buyer pays instalmentally but does until final settlement is made is?
hire purchase
deferred payment
conditional sale
features trading
Correct answer is A
No explanation has been provided for this answer.