Procedure and documentation - Jamb Commerce Past Questions and Answers

Question 11:

• JAMB 1999

The document that indicate instant payment of cash for goods whenever the are delivered is

A. Credit note
B. Proforma invoice
C. Debit note
D. Statement of account

Question 12:

• JAMB 1999

Which of the following document permit an importer to inspect his goods before the arrival of the bill of lading?

A. Bill of sight
B. Import invoice
C. Consular invoice
D. Bill of exchange

Question 13:

• JAMB 2000

The major factors that facilitate merchandising are

A. Commuincation , advertising and banking
B. Trading, warehousing and production
C. Management, insurance, and advertising
D. Banking, insurance and transportation

Question 14:

• JAMB 2000

An invoice can be described as a

A. Contractual agreement for the sale of goods
B. Document specifying quantity, description, prices and total value of purchase
C. Receipt containing necessary information about the goods
D. Letter specifying the contractual sales of goods between two parties

Question 15:

• JAMB 2001

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

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