Commerce Past Questions and Answers

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] A B C Balance Sheet as at 31/12/2004 [table][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] The total sum of financing short term projects is

[b][i]Use the information below to answer this question[/i][/b] A B C Balance Sheet as at 31/12/2004 [table][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] What is the capital employed?

A distinctive advantage of GSM is its

A form of money that has gone out of use is