test your knowledge

1. Name THREE sources of capital for a sole trader


2. List out THREE function of a commercial bank


3. Dyg. Aishah is a sole trade who deals in sundry goods in her village

    a. State one feature or characteristic of her business

    b. List one advantage of the business

    c. List one disadvantage of the business


4. List out THREE features of Saving account


5. Explain THREE reasons why a cheque may be dishonoured by the bank


6. Define the following:-12. With the help of a diagram, explain the differences between a general crossing and special crossing of a cheque

     a. Unlimited Liability

     b. Partnership

     c. Limited Capital


7..Normally a businessman operates a current account in commercial banks. Give THREE reasons for this


8.Write down any THREE services provided by a commercial bank other than deposit and withdrawal of money


9. Name the service a bank might offer to:


a. Adam who needs to deposit money after the bank hours

b  Julie who wish to earn a high interest on her spare money

c. Danny who wish to send some money from Brunei to John in UK


10. List down THREE disadvantages of Partnerships


11.    List down THREE characteristics of Partnership
 

12. Explain the following terms related to cheque
a. Drawers
b. Drawee
c. Payee