The net profit of a business is determined by?
deducting cost of goods sold from sales
deducting purchases from sales
adding commission received 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 assets of a firm?
Goodwill
Reserve
Skilled personnel
Rights issue
Correct answer is A
No explanation has been provided for this answer.
The nominal value of a share is the same as its?
market value
below par value
above par value
face value
Correct answer is D
No explanation has been provided for this answer.
Partnership form of business is most appropriate?
where professionals are needed
for non-profit making ventures
where very large capital is required
where the liability of members is limited
Correct answer is D
No explanation has been provided for this answer.
Which of the following would not affect the form of a business unit?
Availability of raw materials
The type of business
Number of persons involved
The capital size
Correct answer is B
No explanation has been provided for this answer.