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.
The authorised capital of a company is also referred to as it's?
called-up capital
issued capital
subscribed capital
nominal capital
unissued capital
Correct answer is D
No explanation has been provided for this answer.
The main source of income for a limited liability company is?
bank overdraft
government subsidy
undistributed profit
bank loan
share subscrptions
Correct answer is E
No explanation has been provided for this answer.
To inform the buyer that the goods are in transit,the seller sends him?
a quotation
an invoice
a debit note
an advice note
a credit note
Correct answer is D
No explanation has been provided for this answer.
dividend
interest
profit
rent
rebate
Correct answer is B
No explanation has been provided for this answer.
An association formed by Tyre manufacturers to safeguard and promote their interests is known as
co-operative society
chamber of commerce
trade union
consortium
trade association
Correct answer is E
No explanation has been provided for this answer.