BARIGA, A STOCK BROKER BOUGHT STATIONERY FOR N 12000 BY CASH. TO RECORD THIS TRANSACTION, DEBIT
A. cash and credit stationery B. purchase and credit stationery C. stationery and credit cash ✓ D. stationery and credit purchases The answer to the question is: C. stationery and credit cash When a stock broker like Bariga purchases stationery for N 12000 by…
WHEN THE COST OF SALES IS DIVIDED BY THE AVERAGE STOCK, THE RESULT IS
A. gross profit B. net profit C. rate of turnover ✓ D. working capital The answer to the question is: C. rate of turnover When the cost of sales is divided by the average stock, the result is rate of turnover. This calculation provides…
THE RIGHT TO BUY OR SELL STOCK IN THE STOCK EXCHANGE WITHIN A STIPULATED PERIOD IS
A. option ✓ B. contango C. backwardation D. brokerage The answer to the question is: A. option An option is a financial derivative that represents a contract sold by one party (the option writer) to another party (the option holder). The contract offers the…
STOCK EXCHANGE AND SECOND TIER SECURITIES MARKET
MEANING OF STOCK EXCHANGE Stock exchange market is a highly organised market where investors can buy and sell existing securities like shares, stocks, debentures, gilt edge etc. This is a market where those who are interested in purchase of securities…