Which of the following is not an acceptable collateral security for a bank loan?
Certificate of occupancy
Life assurance policy
Lien on deposit account
Family building
Warehouse warrant
Correct answer is E
No explanation has been provided for this answer.
fixed capital
share capital
loan capital
working capital
circulating capital
Correct answer is C
No explanation has been provided for this answer.
total cost less total sales
total sales less total returns
gross profit less expenses
sales dividend be average stock
selling price less cost price
Correct answer is E
No explanation has been provided for this answer.
bill of exchange
certified cheque
promissory notestanding order
standing order
letter of credit
Correct answer is D
No explanation has been provided for this answer.
When a Public Limited Company is incorporated it means that
it is entitled to commence business
It has been given certificate of trading
It has a legal existence
its shares cannot be transffered
it has to issue a statutory declaration
Correct answer is C
No explanation has been provided for this answer.