Solve Commerce Question Paper (Set-1) CBSE 2012, given here.
1. Which of the following is a current liability?
(A) Issue of Debentures
(B) Issue of Preference Shares
(C) Public Deposit
(D) Bank Overdraft
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2. Which of the following is not an Owned Fund?
(A) Bonus Shares
(C) Issue of Debentures
(D) Retained Earnings
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3. Issue of shares is a source of finance for
(A) Partnership Firms
(B) Joint Stock Company
(C) State Enterprises
(D) Sole Proprietorship
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