UTME/SSCE Commerce Practice Tests – Business Capital and Profits

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UTME/SSCE Commerce Practice Tests – Business Capital and Profits (Financing Businesses)


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What are fixtures and fittings in a balance sheet?

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



Determine the circulating capital.

A. N 250,000    B. N 245,000   C. N 235,000   D. N 225,000


The form of capital which easily transferred in the form desired is known as ____

A. Working capital     B. Liquid capital     C. Circulating capital     D. Capital employed.




The total sum for financing short-term projects is _____

A. N 30,000        B. N 40,000        C. N 70,000        D. N 200,000


A type of long-term loan granted to companies with fixed interest as well as with redeemable and irredeemable features is referred to as ______

A. a bond     B. an overdraft     C. a debenture     D. a term loan


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