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.
In nationalized industries, losses are borne by the?
tax payers
shareholders
debenture holders
Minister of industries
Borad of Directors
Correct answer is A
No explanation has been provided for this answer.
Document of title to goods
letter from the tax authority
label attached to goods foe indentification
temporary insurance certificate
letter issued by banks to customers
Correct answer is D
No explanation has been provided for this answer.
Which of the following accompanies goods supplied and forms a receipt when signed by the consignee?
Invoice
Order
Delivery note
Requisition note
Advice note
Correct answer is A
No explanation has been provided for this answer.
Details of a new share for which the public is being invited to subscribe are contained in the?
Memorandum of Association
Certificate of Trading
Certificate of Incorporation
Prospectus
Balance sheet
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a necessary document in incorporating a company?
Memorandum of Association
Articles of Association
A statement of nominal capital
A certificate of Trading
A statement of minimum subscription
Correct answer is E
No explanation has been provided for this answer.