Jamb Commerce Past Questions and Answers

Question 441:

• JAMB 2001

Entrusting the management of a company to the courts to enable the settlement of the company’s obligations is an indication of?

A. Distress
B. Closure
C. Bankruptcy
D. Liquidation

Question 442:

• JAMB 2001

The capital employed is

A. N 1,000
B. N 1,370
C. N 140
D. N50

Question 443:

• JAMB 2001

The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is?

A. Trust certificate
B. Detachable warrant
C. Mortage bond
D. Converttible securities

Question 444:

• JAMB 2001

(i) Personal Savings
(ii)Retained Earnings
(iii)Accrued taxes
Which of the items above constitute internal sources of financing for companies?

A. I and ii
B. I and iii
C. Ii and iii
D. I, ii and iii

Question 445:

• JAMB 2001

The difference between total current assets and total current liabilities of a business is known as

A. Quick ratio
B. Liquidity ratio
C. Working capital
D. Circulating capital