Commerce Questions and Answers

Which of the following is not a veritable source of funds to a public limited company?

A business whose owners enjoys loan facilities on the basis of personal goodwill is a?

An abridged version of a company's income statement for 11993 contains the following information:
N
Turnover 286.5
cost of goods sold 147.5
overhead and other expenses 85.5
Taxes due for the year 26.9

What was the company's profit before tax for 1993?

A company has an authorized capital of 40 million shares at N1 per share, out of which 32 million shares have been issued and fully paid-up. The remaining 8 million shares have

Musa obtains wool from his sheep, spins and transforms it into cloth which he sells to consumers. This is a form of