Purchase and Sale of Goods - Jamb Commerce Past Questions and Answers

Question 36:

• JAMB 2008

A document sent by a seller to inform a buyer about the prices of goods is the?

A. Catalogue
B. Price list
C. Credit note
D. Proforma invoice

Question 37:

• JAMB 2008

When 'FOB' is written on a document, it implies that the buyer bears the?

A. Cost of goods and advert
B. Loading costs and insurance
C. Insurance and transport costs
D. Transport and communication costs

Question 38:

• JAMB 2009

The most commonly used commercial documents are?

A. Order notes, debit notes, invoices and quotations
B. Letters of enquiry, consignment notes, receipts and invoices
C. Credit notes, statement of accounts, depatch order and bills
D. Balance sheet, receipts, invoices and manifest

Question 39:

• JAMB 2010

The document that gives an importer a freehand to obtain goods from any manufacturer is?

A. A consular invoice
B. A closed indents
C. An open indent
D. A freight note

Question 40:

• JAMB 2010

The details of the goods require by the the purchaser is outlined in?

A. A consular invoice
B. An indent
C. An invoice
D. A certificateof orign