2023 - JAMB Commerce Past Questions and Answers - page 4
Money is generally acceptable for transaction due to
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One of these is a current asset
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I. Its unlimited nature
II. The number of partners
III. The withdrawal of a major of partner
IV. The bearing of risk
Which of these is both merit and demerit in partnership?
III and IV
I only
II only
I and II
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The business unit that applies the principle of one man vote is
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| ₦ |
₦ |
||
|
Stock 1/1 |
20,000 | Net Sales | 370,000 |
|
Add purchases |
250,000 | ||
|
Cost of goods available for sale |
270,000 | ||
|
Less stock 31/12 |
40,000 | ||
|
Cost of goods sold |
230,000 | ||
|
Rent expenses |
35,000 |
Find the gross profit
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A partnership is dissolved due to
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An example of extractive occupation is
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A government policy that encourages transfer of ownership from foreigners to indigenes of the country is known as
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Good and services transferred from seller to buyer without immediate payment is referred to as
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The duties paid on goods produced locally is
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