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Thursday, 02 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 2821:
The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.
The Board of Directors decided to issue 50% of it for subscription by the public.
The authorized share capital is
  • A #400,000
  • B #200,000
  • C #100,000
  • D #50,000
View Answer & Explanation
Question 2822:
The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.
The Board of Directors decided to issue 50% of it for subscription by the public.
The reserved capital is
  • A #300,000
  • B #200,000
  • C #100,000
  • D #50,000
View Answer & Explanation
Question 2823:
The nominal value of a share is same as its
  • A Market value
  • B Below par value
  • C Above par value
  • D Face value
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Question 2824:
Which of the following is an intangible asset of a firm
  • A Goodwill
  • B Reserve
  • C Skilled personnel
  • D Rights issue
View Answer & Explanation
Question 2825:
The net profit of a business is determined by
  • A Deducting cost of goods sold from sales
  • B Deducting purchases from sales
  • C Adding commissions recieved to gross profit
  • D Deducting all expenses from gross profit and other income
View Answer & Explanation