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 bill of exchanged on maturity is allowed?
seven days of grace
five days of grace
four days of grace
three days of grace
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a means of payment in foreign trade?
Telegraphic money order
Specially crossed cheque
Letters of credit
Debit transfer
Correct answer is B
No explanation has been provided for this answer.
Which of the following refers to a price reduction based on the size of order?
Cash account
Trader discount
Seasonal discount
Cash on discount
Correct answer is B
No explanation has been provided for this answer.
The abbreviation phrase E & OE is usually printed on?
an invoice
a cheque
a delivery note
a debit note
Correct answer is A
No explanation has been provided for this answer.
Which of the following is sent in reply to a letter of enquiry?
Quotation
Order
Consumer invoice
Advice note
Correct answer is A
No explanation has been provided for this answer.