Jamb Commerce 2014 Past Questions and Answers

Question 11:

• JAMB 2014

The role of customs and excise authority includes the

A. Control of the flow of goods in and out of the country
B. Control of security agents within and out of the borders
C. Provision of dockyards for ship repairs and maintenance
D. Provision of transport system to facilitate imports and exports

Question 12:

• JAMB 2014

A document recording the transactions of an organization with its customer for a specified period which normally shows the indebtedness of one to the other is a

A. Statement of account
B. Consular invoice
C. Proforma invoice
D. Statement affairs

Question 13:

• JAMB 2014

In response to an inquiry from a customer, a wholesaler is expected to send back

A. A consignment note
B. An order
C. A qoutation
D. An advice note

Question 14:

• JAMB 2014

A carton of noodles valued at #2,000 was invoiced at #200 only.The accounting procedure to correct this error is to issue

A. An invoice for #200
B. A debit note for #2,00
C. A credit note for #1,800
D. A debit note for #1,800

Question 15:

• JAMB 2014

Tourists with no fixed address in a town may receive their letters from post office through a

A. Poste restante
B. Parcel post
C. Private mail bag
D. Recorded delivery