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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 21:
The total amount that a company is allowed to raised according to its memorandum of association is known as
  • A Issued capital
  • B Authorized capital
  • C Called-up capital
  • D Paid-up capital
View Answer & Explanation
Question 22:
A public limited liability company having a nominal capital made up of 200 000 ordinary shares of 50k each decided to issued 50% of it to the public. What is the authorized capital?
  • A N40 000
  • B N50 000
  • C 100 000
  • D 200 000
View Answer & Explanation
Question 23:
The turnover of firm maybe affected by
  • A The demand for its product
  • B The cost of its goods sold
  • C Its closing stock
  • D Its net assets
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Question 24:
The cost of transporting goods to consumers called
  • A Carried inward
  • B Carried forward
  • C Carried paid
  • D Carried outward
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Question 25:
The cost of transporting goods to consumers called
  • A Carried inward
  • B Carried forward
  • C Carried paid
  • D Carried outward
View Answer & Explanation