Procedure and documentation - Jamb Commerce Past Questions and Answers

Question 46:

• JAMB 2018

A company which issues a promissory note in lieu of payment for goods purchased

A. Is not bound to renew the note before payment
B. Can return the goods purchased and refuse to pay
C. Can refuse to pay on due date since it is only a promise
D. Is bound to redeem the note for cash on due date

Question 47:

• JAMB 2018

A pro forma invoice is sent to inform a buyer about the?

A. Quantity of goods
B. Price of goods
C. Designation of goods
D. Quality of goods

Question 48:

• JAMB 2019

A document which entitles its holder to the gods named on it, which is stored in a specific warehouse is called________

A. Debit note
B. Credit note
C. Warrant
D. Shipping note

Question 49:

• JAMB 2019

Use the following information to answer this question.
Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos
Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm à— 18cm exercise books.
Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.
Yours Faithfully
Manager.
The above represents?

A. A quotation
B. Consignment notes
C. Letters of Inquiry
D. An order form

Question 50:

• JAMB 2019

Use the following information to answer this question.
Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos
Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm à— 18cm exercise books.
Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.
Yours Faithfully
Manager.
From the question above, the document the firm or organization will send to the buyer is

A. Delivery notes
B. Advice notes
C. An order form
D. Quotations