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 not contained in an advice note?
Types of goods
Price of goods
Date of dispatch
Means of dispatch
Correct answer is D
No explanation has been provided for this answer.
A consignment note is used when?
goods are wrapped and labelled for easy identification
goods are dispatched to agent through transporters
damaged goods are being returned
there is over-invoicing
Correct answer is B
No explanation has been provided for this answer.
supermarket
mail-order shop
mobile shop
multiple shop
Correct answer is A
No explanation has been provided for this answer.
A debenture is mortgaged when it is?
not secured on the the assets of a company
Secured on the assets of a company
irredeemable
redeemable
Correct answer is C
No explanation has been provided for this answer.
Which of the following is true about cumulative preference shares?
Unpaid dividends are carried forward
Shareholders can secure capital refund on demand
Shareholders are entitled to further share of profit
Dividends are paid into a special account
Correct answer is A
No explanation has been provided for this answer.