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.
Opening the stock plug plus purchase of less closing the stock gives?
the rate of turnover
cost of goods sold
working capital
net profit
gross profit
Correct answer is B
No explanation has been provided for this answer.
above par value
at par value
below par value
ex dividend
cum dividend
Correct answer is A
No explanation has been provided for this answer.
When an insurance policy is cleared void because of a false declaration the principle involved is?
indemnity
insurable interest
proximate cause
utmost good and favour ''?
Correct answer is D
No explanation has been provided for this answer.
a loan repayment
a current asset
an interest charged
a collateral society
a part of payment
Correct answer is D
No explanation has been provided for this answer.
Which of the following is formed primarily to promote savings and loans among members?
Consumers co-operative society
producer co-operative society
Co-operative wholesale soceity
Retail Co-operative society
Co-operative thrift and credit society
Correct answer is E
No explanation has been provided for this answer.