Jamb Commerce Past Questions and Answers

Question 1566:

• JAMB 2022

Examples of current assets are

A. Cash and trade debtors
B. Cash and trade creditors
C. Trade debtors, trade creditors and cash
D. Trade creditors and trade debtors

Question 1567:

• JAMB 2022

When the cost of sales is divided by the average stock, the result is

A. Gross profit
B. Net profit
C. Rate of turnover
D. Working capital

Question 1568:

• JAMB 2022

The part of issued share capital that the company has asked the subscribers to pay for

A. Authorised capital
B. Called-up capital
C. Nominal capital
D. Paid-up capital

Question 1569:

• JAMB 2022

The last link in a channel of distribution is the

A. Wholesaler
B. Retailer
C. Consumer
D. Agent

Question 1570:

• JAMB 2022

The difference between a country's imports and exports of goods in a particular year is

A. Terms of trade
B. Terms of payment
C. Balance of payment
D. Balance of trade