Commerce Past Questions and Answers

The role of customs and excise authority includes the

A Control of the flow of goods in and out of the country
B Control of security agents within and out of the borders
C Provision of dockyards for ship repairs and maintenance
D Provision of transport system to facilitate imports and exports

Question 12:

A document recording the transactions of an organization with its customer for a specified period which normally shows the indebtedness of one to the other is a

A Statement of account
B Consular invoice
C Proforma invoice
D Statement affairs

Question 13:

In response to an inquiry from a customer, a wholesaler is expected to send back

A A consignment note
B An order
C A qoutation
D An advice note

Question 14:

A carton of noodles valued at #2,000 was invoiced at #200 only.The accounting procedure to correct this error is to issue

A An invoice for #200
B A debit note for #2,00
C A credit note for #1,800
D A debit note for #1,800

Question 15:

Tourists with no fixed address in a town may receive their letters from post office through a

A Poste restante
B Parcel post
C Private mail bag
D Recorded delivery