Jamb Commerce Past Questions and Answers

Question 1526:

• JAMB 2022

A retail business that sells goods by post, using catalogue is a

A. Chain store
B. Department store
C. Mail order firm
D. Shopping mail

Question 1527:

• JAMB 2022

Which of the following documents would a shareholder inspect to know his voting rights?

A. Articles of Association
B. Certificate of Incorporation
C. Certificate of Trading
D. Memorandum of Association

Question 1528:

• JAMB 2022

An internal source of finance to an enterpreneur is

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

Question 1529:

• 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 1530:

• 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