A bank's undertaking to pay an exporter on behalf of an importer is a
documentary credit
letter of credit
letter of hypothecation
bill of exchange
Correct answer is B
No explanation has been provided for this answer.
An organization formed mainly by traders on the same line of business is known as
trade union
cooperative society
trade association
chamber of commerce
Correct answer is B
No explanation has been provided for this answer.
The net profit of a business is determined by
deducting cost of goods sold from sales
deducting purchases from sales
adding commissions recieved to gross profit
deducting all expenses from gross profit and other income
Correct answer is D
No explanation has been provided for this answer.
Which of the following is an intangible asset of a firm
Goodwill
Reserve
Skilled personnel
Rights issue
Correct answer is C
No explanation has been provided for this answer.
The nominal value of a share is same as its
market value
below par value
above par value
face value
Correct answer is D
The nominal value, or book value, of a share is usually assigned when the stock is issued. Market value reflects what the market is willing to pay for it. These two values may differ tremendously as a result of different market conditions as well as supply and demand.
Nominal value is also known as face value or par value. It is the stated worth of an asset. Most likely, this was the value of the asset at the time it was issued, such as cash, bonds and stocks.