by Sunday | Dec 12 | Commerce JAMB
Opening stock 1800 Purchases 2800 Sales 800 Closing stock 800 Carriage on sale 500 A. N320 B. N350 C. N500 D. N800 Correct Answer: Option D – N800 Explanation Closing stock for the year of an accounting period is also regarded as unused...
by Sunday | Dec 12 | Commerce JAMB
A. An insured person should be indemnified to the time of the amount insured B. An insurance company constant in lace of the insured in dealing with a third party. C. Only a person who is likely to suffer loss hold take out an insurance cover D. There must be accused...
by Sunday | Dec 12 | Commerce JAMB
A. Vertical integration B. Horizontal integration C. Forward Integration D. Background integration Correct Answer: Option A – Vertical integration Explanation This integration involves the coming of two or more firms at different production stage in the same...
by Sunday | Dec 12 | Commerce JAMB
A. 4% surcharge will be made unless payment is made within seven days B. 4% discount will be allowed on the price charged only if the good are bought within seven days C. 4% discount will be allowed on the price charge if payment is made after seven days D. 4%...
by Sunday | Dec 12 | Commerce JAMB
A. Natural Environment B. Cultural environment C. Economic environment D. Demographic Environment Correct Answer: Option D – Demographic Environment Explanation Demographic environment that put into consideration the composition of the population of the...
by Sunday | Dec 12 | Commerce JAMB
A. dock warrant B. Dock landing account C. Ball of sight D. Bill of landing note Correct Answer: Option A – dock warrant Explanation It is a document that shows that the goods are stored in the warehouse and it entitles the holder to take possession of the...