A. bulky B. inferior C. fragile D. perishable E. durable Correct Answer: Option D - perishable
A. is safe B. is slow C. can carry heavy goods D. can go long distances E. is owned by…
A. acceptance houses B. the stock exchange C. issuing houses D. discount houses E. finance houses Correct Answer: Option C…
A. liquid capital B. the volume of sales C. current assets D. fixed assets E. owners equity Correct Answer: Option…
A. An invoice for N200 B. A credit note for N1,800 C. A debit note for N1,800 D. A debit…
A. is sent in anticipation of delivery B. does not show the prices of the goods C. gives additional information…
A. invoice B. consignment note C. debit note D. proforma invoice E. delivery note Correct Answer: Option D - proforma…
A. deferred payment B. hire - purchase C. spot buying D. cash sales E. prompt payment Correct Answer: Option A…
A. agent B. principal C. agent and principal D. third party E. lawyer who drew up the agreement Correct Answer:…
A. excess of income over expenses B. total income from the sale of goods C. difference between sales and purchases…