The counterfoil of a cheque book enables the drawer to
- A. request for a new cheque book
- B. reconcile his book of accounts
- C. know who the debtors are
- D. obtain an overdraft from the bank
The counterfoil of a cheque book enables the drawer to
- A. request for a new cheque book
- B. reconcile his book of accounts
- C. know who the debtors are
- D. obtain an overdraft from the bank
If a company is described as “listed” it means
- A. its shares can be traded on the stock exchange
- B. It is about to be voluntarily liquidated
- C. it is duly registered by the registrar of companies
- D. it has been blacklisted
Notes and coins are legal tender because they are
- A. printed by the Central Bank
- B. backed by law
- C. backed by gold
- D. issued by all banks
Insurance is necessary because of the need to
- A. pool resources together
- B. meet uncertainties in future
- C. make profit
- D. lend money to individuals
Insurance is necessary because of the need to
- A. pool resources together
- B. meet uncertainties in future
- C. make profit
- D. lend money to individuals
Government can borrow money from the public through
- A. the issuing of treasury bills
- B. increasing taxation
- C. increasing the lending rate
- D. establishing more banks
Government can borrow money from the public through
- A. the issuing of treasury bills
- B. increasing taxation
- C. increasing the lending rate
- D. establishing more banks
Trade discount is given to the buyer for
- A. prompt payment
- B. credit purchase
- C. cash purchase
- D. retailer's mark-up
Trade discount is given to the buyer for
- A. prompt payment
- B. credit purchase
- C. cash purchase
- D. retailer's mark-up
Status enquiry is necessary when
- A. goods are ordered from a mail order firm
- B. money is withdrawn from a fixed deposit account
- C. granting credit to a new customer
- D. goods areproduced according to specification
What is the purpose of a debit note? To
- A. reduce the credit in the buyer's account
- B. reduce the debit charged to an invoice
- C. compensate for damaged goods returned
- D. allow for rebate
A bill of exchange becomes negotiable when it is
- A. accepted
- B. protested
- C. dishonoured
- D. discounted
A bill of exchange becomes negotiable when it is
- A. accepted
- B. protested
- C. dishonoured
- D. discounted
A major cost component of running a mail order firm is the
- A. printing of catalogues
- B. paying salemen's salaries
- C. renting shops
- D. travelling expenses
A major cost component of running a mail order firm is the
- A. printing of catalogues
- B. paying salemen's salaries
- C. renting shops
- D. travelling expenses
Which of the following is not a feature of a Department Store?
- A. One-stop-shopping
- B. Deals in one line of goods
- C. Use of trolleys
- D. Convenient location
Which of the following is not a feature of a Department Store?
- A. One-stop-shopping
- B. Deals in one line of goods
- C. Use of trolleys
- D. Convenient location
Which of the following is a contract of carriage and a document of title?
- A. indent
- B. Bill of lading
- C. Pro forma invoice
- D. is allowed to borrow from commercial banks
Which of the following is a contract of carriage and a document of title?
- A. indent
- B. Bill of lading
- C. Pro forma invoice
- D. is allowed to borrow from commercial banks
A major advantage of the private company over a partnership is that the private company
- A. can sell shares
- B. has limited liability
- C. can publish its account
- D. is allowed to borrow from commercial banks