Commerce Past Questions and Answers

The transmission of the telephone services from one country to another is facilitated by

The type of communication from a superior to a subordinate in an organization is referred to as

The excess of the assets over the liabilities of a business is called

<b><i>Use the information below to answer this question</i></b><br/>A B C Balance Sheet as at 31/12/2004<br/><table class='tbn'><tbody><tr><td> ₦Share capital 200,000Reserves 100,000Long term liabilities 40,000Current liabilities <u> 30,000</u> <u> 370,000</u> </td><td> ₦Fixed assets 180,000Investment 100,000Current assets 50,000Fictitious assets <u> 40,000</u> <u>370,000</u> </td></tr></tbody></table><br/><br/><br/>The total sum of financing short term projects is

<b><i>Use the information below to answer this question</i></b><br/>A B C Balance Sheet as at 31/12/2004<br/><table class='tbn'><tbody><tr><td> ₦Share capital 200,000Reserves 100,000Long term liabilities 40,000Current liabilities <u> 30,000</u> <u> 370,000</u> </td><td> ₦Fixed assets 180,000Investment 100,000Current assets 50,000Fictitious assets <u> 40,000</u> <u>370,000</u> </td></tr></tbody></table><br/><br/><br/>What is the capital employed?