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.
A liquidator's fee is to be charged to the?
realization account
trading account
revaluation account
reconstruction account
Correct answer is A
No explanation has been provided for this answer.
Materials used for further production of goods and services are known as?
export goods
intermediate goods
capital goods
consumer goods
Correct answer is C
No explanation has been provided for this answer.
The difference between a private and public limited liability company is that the former?
is unable to offer shares to the public
is unable to declare and pay dividend
has a higher number of shareholders
pays higher salaries to its managers
Correct answer is A
No explanation has been provided for this answer.
The development of commerce resulted from?
trading
competition
importation
specialization
Correct answer is A
No explanation has been provided for this answer.
iii, ii, i and iv
iii, i, iv and ii
i, ii, iii and iv
ii, iii, i and iv
Correct answer is D
No explanation has been provided for this answer.