Financing Business - Jamb Commerce Past Questions and Answers

Question 96:

• JAMB 2016

When expenses on trading are deducted, the result is the

A. Rate of turn over
B. Net profit
C. Gross profit
D. Cost of goods sold

Question 97:

• JAMB 2016

Which of the following is the best method for computing working capital

A. Total assets less current liabilities
B. Current liabilities less current assets
C. Fixed liabilities less current assets
D. Current assets less current liabilities

Question 98:

• JAMB 2018

One of these is a current asset

A. Fittings
B. Machineries
C. Motor vehicles
D. Stock

Question 99:

• JAMB 2018

Bank overdraft as a short term source of fund is

A. A current liability
B. An overdrawn account
C. Grade to a newly opened account
D. Repayable after more than a year

Question 100:

• JAMB 2018

------------------- is a source of short term capital?


A. Shares
B. Overdraft
C. Debenture
D. Leasing