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.
New shares are offered to the public through?
acceptance houses
the stock exchange
issuing houses
discount houses
finance houses
Correct answer is C
No explanation has been provided for this answer.
An increase in turnover is an increase in?
liquid capital
the volume of sales
current assets
fixed assets
owners equity
Correct answer is B
No explanation has been provided for this answer.
An invoice for N200
A credit note for N1,800
A debit note for N1,800
A debit note for N2,000
A credit note for N2,200
Correct answer is C
No explanation has been provided for this answer.
Which of the following is true of a delivery note? It
is sent in anticipation of delivery
does not show the prices of the goods
gives additional information about the goods
shows the pictures of goods being delivered
is a demand for payment
Correct answer is B
No explanation has been provided for this answer.
A document that is sent to a buyer when credit is not allowed is?
invoice
consignment note
debit note
proforma invoice
delivery note
Correct answer is D
No explanation has been provided for this answer.