Jamb Commerce 2022 Past Questions and Answers

Question 36:

• JAMB 2022

An internal source of finance to an enterpreneur is

A. Trade
B. Retained earning
C. Overdraft
D. Debenture

Question 37:

• JAMB 2022

Use the information below to answer questions 13 and 14

	#
Sales	50,000.00
Debtors	10,000.00
Cash in hand	5,000.00
Opening stock	30,000.00
Creditors	8,000

A. #35,000.00
B. #20,000.00
C. #5,000.00
D. #14,000.00

Question 38:

• JAMB 2022

Use the information below to answer questions 13 and 14

	#
Sales	50,000.00
Debtors	10,000.00
Cash in hand	5,000.00
Opening stock	30,000.00
Creditors	8,000.00
Purchases	16,000.00
Overdraft	12,000.00
Closing stock	10,000.00

A. #35,000.00
B. #20,000.00
C. #15,000.00
D. #14,000.00

Question 39:

• JAMB 2022

A partner who contributes only his name to the formation of a partnership is

A. A nominal partner
B. A limited partner
C. A general partner
D. An active partner

Question 40:

• JAMB 2022

Which of the following groups would advocate for the supply of constant electricity to households?

A. Consumer's association
B. Credit union
C. Employer's association
D. Labour union