Procedure and documentation - Jamb Commerce Past Questions and Answers

Question 16:

• JAMB 2001

The major procedures in the purchase and sale of goods are enquiry

A. Quotation, order and invoice
B. Placement, order and invoice
C. Bargin, order and invoice
D. Order, sale, and invoice

Question 17:

• JAMB 2001

A documentary bill will normally be accompanied by

A. . sales invoice, bill of lading and insurance certificate
B. Clean bill, bill of lading, and insurance certificate
C. Bill of lading, consular invoice, and insurance certificate
D. Consular invoice, FOB certificate and bill of lading

Question 18:

• JAMB 2002

A bill of exchange already accepted can be discounted by the holder in?

A. The central bank
B. At least two banks
C. His bank
D. Any bank

Question 19:

• JAMB 2002

The document issued by the seller which gives detail of the goods he sells is known as?

A. Catalogue
B. Tender
C. Price list
D. Invoice

Question 20:

• JAMB 2002

The letters E and OE stand for?

A. Errors of exception
B. Errors and omissions expected
C. Estimate and order error
D. End of error