Jamb Commerce Past Questions and Answers

Question 996:

• JAMB 2012

The document a seller uses in dispatching goods to a customer by a carrier is

A. A bill of landing
B. An invoice
C. An advice note
D. A delivery note

Question 997:

• JAMB 2012

A document which serves as an order with details of goods required by an intending purchaser is

A. A freight note
B. An indent
C. A bill of landing
D. A way bill

Question 998:

• JAMB 2012

If a customer pays within nine days of receiving goods and takes advantage of 3% off the invoice price, this is stated as

A. 3/9;net 30
B. 9/27;net 30
C. 30;net 9/3
D. 9/30;net 3

Question 999:

• JAMB 2012

Which of the following is a characteristic of a bearer cheque

A. It is made with transverse lines
B. It is made payable to whoever presents it
C. It is made without transverse lines
D. It is only payable into the payees account

Question 1000:

• JAMB 2012

A bill of exchange paid before its due date at an amount less than its face value is said to have been

A. Accepted
B. Rejected
C. Discounted
D. Dishonoured