1999 - JAMB Commerce Past Questions and Answers - page 1

The conversion of raw material into finished products creates

Commerce makes it possible for man to live in a

Use the information below to answer questions 3 and 4.
Aboki Plc, became the insolvent and decided to wind up to meet the legitimate claims of its creditors.
Babalawee was called in to manage the dissolution.

after paying the debts of aboki Plc, the balance goes to?

Use this information to answer the question below.
Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution.

Babalawee is ___________?

A common requirement for public and private limited companies in Nigeria is that

The primary motive behind an individual engaging in production is to?

Musa obtains wool from his sheep, spins and transforms it into cloth which he sells to consumers. This is a form of

A company has an authorized capital of 40 million shares at N1 per share, out of which 32 million shares have been issued and fully paid-up. The remaining 8 million shares have

An abridged version of a company's income statement for 11993 contains the following information:
N
Turnover 286.5
cost of goods sold 147.5
overhead and other expenses 85.5
Taxes due for the year 26.9

What was the company's profit before tax for 1993?

A business whose owners enjoys loan facilities on the basis of personal goodwill is a?