Jamb Commerce 2019 Past Questions and Answers

Question 6:

• JAMB 2019

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital	5000
Net Profit	1000
Furniture	2000
Equipment	2900
Debtors	100
Stock	1000
Bank	500

From the above, calculate fixed assets

A. 6500
B. 2000
C. 4900
D. 600

Question 7:

• JAMB 2019

The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018

Initial Capital	5000
Net Profit	1000
Furniture	2000
Equipment	2900
Debtors	100
Stock	1000
Bank	500

From the above, calculate current liabilities

A. 100
B. 6000
C. 600
D. 3000

Question 8:

• JAMB 2019

In a law of contract, what is given in exchange for a promise to perform is_____

A. Offer
B. Acceptance
C. Warranty
D. Consideration

Question 9:

• JAMB 2019

In Nigeria, it is mandatory for all business enterprises to be registered with the________

A. Government
B. Corporate Affairs Commission
C. Agent
D. Enterprise

Question 10:

• JAMB 2019

All but one does not provide an Indirect Service?

A. Custom Officers
B. Family Doctors
C. Civil Servants
D. Law Makers