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4141

Average stock is derived by adding

  • A. closing stock to purchases divided by 2
  • B. closing stock to opening stock
  • C. opening stock to closing stock divided by 2
  • D. opening stock to purchases
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4142

A retail business that sells goods by post, using catalogues is a

  • A. chain store
  • B. department store
  • C. mail order firm
  • D. shopping mall
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4143

Which of the following documents would a shareholder inspect to know his voting rights?

  • A. Articles of Association
  • B. Certificate of Incorporation
  • C. Certificate of Trading
  • D. Memorandum of Association
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4144

An internal source of finance to an entrepreneur is

  • A. trade credit
  • B. retained earning
  • C. overdraft
  • D. debenture
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4145

 

Use the information below to answer question 13 and 14

  #
Sales 50,000.00
Debtors 10,000.00
Cash-in-hand 5,000.00
Opening stock 30,000.00
Creditors 8,000.00
Purchases 16,000.00
Overdraft 12,000.00
Closing stock 10,000.00

 

calculate the working capital.

  • A. #35,000.00
  • B. #20,000.00
  • C. #15,000.00
  • D. #14,000.00
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