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Commerce Past Questions and Answers

Commerce Questions

Question 96:
Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.
stock Purchase 1000
7000
Sales 8000
Closing Stock 3000


Trading Expenses the figures given, calculate

Net profit
  • A 1400
  • B 5000
  • C 1600
  • D 6400
View Answer & Explanation
Question 97:
Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.

stock
Purchase
1000
7000
Sales 8000
Closing Stock 3000


Trading Expenses the figures given, calculatePercentage of net profit to turnover
  • A 30%
  • B 5%
  • C 10%
  • D 20%
View Answer & Explanation
Question 98:
An offer extended to several people at once is called
  • A Acceptance
  • B Offeror
  • C Invitation to threat
  • D Consideration
View Answer & Explanation
Question 99:
A conter offer is an offer that is
  • A Different from the original offer
  • B Breached
  • C Different in terms of acceptance
  • D Extended to several people at once
View Answer & Explanation
Question 100:
Services are made up of
  • A Visible and invisible
  • B Industry and Commerce
  • C Direct and indirect services
  • D Goods and Services
View Answer & Explanation