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Commerce Business Management Difficulty: Medium

Which of the following is not included in the function of physical supply? "Principle of constructive notice" applies to: Which of the following statement/s is/are correct regarding prepaid payment instruments? 1. Prepaid payment instruments are methods that facilitate purchase of goods and services against the value stored in such instruments. 2. The value stored in such instruments represents the value paid by the holder either by cash or by credit to a bank account or by credit card. 3. The prepaid instruments can be issued as smart cards, magnetic stripe cards, Internet accounts, online wallets, paper vouchers, and any such instruments used to access the prepaid account. 4. Interest paid on the prepaid instruments is similar to that paid on a savings bank account. Read the following statements and mark your answer: I. Return on investment (R.O.I.) is calculated as part on final accounts preparation exercise II. Inventory valuation is a must for ascertaining profit by preparation of Trading Account III. Operational audit is a statutory requirement for a company auditor IV. Garner Vs. Murray relates to settlement of accounts on insolvency of a partner of the firm Total of the two sides of account and to find out the difference is called