Commerce Past Questions and Answers

Who among the following has no right of ownership to a business organization?

From the following figures in the accounting books of XY company, calculate its working capital : stock #2,000; cash #1,500; Creditors #1,000; Bank overdraft #1,400

If goods invoiced at #1,500 were sold to Etim at less 15% trade discount, he would pay

An agent who takes possession of goods and sells in his own name but does not guarantee payment is known as

The total assets of Ogo Plc is #16,000 and the liabilities included loan #2,000, creditors #1,000 and electricity bill #2,000. Calculate the capital owned by the company?