Commerce Practice Tests – Business Capital and Profits (Questions with Answers and Explanations)

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Commerce Practice Tests – Business Capital and Profits (Questions with Answers and Explanations)

Hello and Welcome to Commerce Practice Tests - Business Capital and Profits

  1. You are to attempt 5 random objectives questions ONLY.
  2. Supply Your Full Name and Location in the text box below and begin immediately.
  3. You can attempt as many times as possible
1. 



What is the total fixed capital?

A. N 675,000      B. N 575,000      C. N 570,000     D. N 550,000

2. 



The capital employed is _________

A. N 1,000       B. N 1,370       C. N 140       D. N 50

3. 


What are fixtures and fittings in a balance sheet?

A. Liquid capital.   B. Current assets.     C. Fixed assets.   D. Working capital

4. 


A public company has 2000000 ordinary shares of 50k each and offers 50% for subscription at N2 per share. If the shares were fully subscribed, calculate the issued capital.

A. N 2,000,000        B. N 4,000,000        C. N 500,000        D. N 1,000,00

5. 


The fixed and current assets of a business are called _______

A. called-up capital      B. capital employed      C. paid-up capital      D. authorized capital

 

 

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