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Wednesday, 08 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3476:
use the following information relating to Bala enterprises to anwser the question
N
premises 32,000
motor vehicle 15,000
debtors 15,000
stock 20,000
creditors 10,000






The value of current assets is?
  • A N35,000
  • B N32,000
  • C N25,000
  • D N10,000
View Answer & Explanation
Question 3477:
use the following information relating to Bala enterprises to anwser the question
N
premises 32,000
motor vehicle 15,000
debtors 15,000
stock 20,000
creditors 10,000






what is the value of working capital
  • A N47,000
  • B N35,000
  • C 25,000
  • D 10,000
View Answer & Explanation
Question 3478:
use the following information relating to Bala enterprises to anwser the question
N
premises 32,000
motor vehicle 15,000
debtors 15,000
stock 20,000
creditors 10,000






the value of fixed assets
  • A N72,000
  • B N47,000
  • C N35,000
  • D N25,000
View Answer & Explanation
Question 3479:
A clean bill of lading is so called because?
  • A It shows record of damaged goods
  • B It is not a stained bill
  • C It is a document of authority
  • D It shows no record of damaged goods
View Answer & Explanation
Question 3480:
when an importer has been overcharged for goods supplied, the exporter issues him with a?
  • A Debit note
  • B Preforma invoice
  • C Letter of credit
  • D Credit note
View Answer & Explanation