Commerce

What is the purpose of a debit note? To

A. reduce the credit in the buyer's account B. reduce the debit charged to an invoice C. compensate for damaged…

6 years ago

A bill of exchange becomes negotiable when it is?

A. accepted B. protested C. dishonoured D. discounted Correct Answer: Option A - accepted

6 years ago

A major cost component of running a mail-order firm is the?

A. printing of catalogues B. paying salesmen's salaries C. renting shops D. travelling expenses Correct Answer: Option A - printing…

6 years ago

Which of the following is not a feature of a Department Store?

A. One-stop-shopping B. Deals in one line of goods C. Use of trolleys D. Convenient location Correct Answer: Option B…

6 years ago

Which of the following is a contract of carriage and a document of title?

A. indent B. Bill of lading C. Pro forma invoice D. is allowed to borrow from commercial banks Correct Answer:…

6 years ago

A major advantage of the private company over a partnership is that the private company?

A. can sell shares B. has limited liability C. can publish its account D. is allowed to borrow from commercial…

6 years ago

Which of the following documents is used to advertise shares to the public?

A. Letter of allotment B. Articles of association C. Memorandum of association D. Prospectus Correct Answer: Option D - Prospectus

6 years ago

What is the called-up capital?

A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue…

6 years ago

What is the paid up capital?

A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue…

6 years ago

What is the company’s registered capital?

A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue…

6 years ago