Commerce Past Questions and Answers

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018<br/><br/><table class='tbn'><tbody><tr><td> Initial Capital </td><td> 5000 </td></tr><tr><td> Net Profit </td><td> 1000 </td></tr><tr><td> Furniture </td><td> 2000 </td></tr><tr><td> Equipment </td><td> 2900 </td></tr><tr><td> Debtors </td><td> 100 </td></tr><tr><td> Stock </td><td> 1000 </td></tr><tr><td> Bank </td><td> 500 </td></tr></tbody></table> <br/><br/>From the above, calculate current liabilities

In a law of contract, what is given in exchange for a promise to perform is_____

In Nigeria, it is mandatory for all business enterprises to be registered with the________

All but one does not provide an Indirect Service?

Examples of Commercial occupation are all except___________