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JAMB Commerce questions: Documents used in trade

16 questions with answers and explanations. Tap an option to check yourself.

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All topicsAdvertising and marketing · 16Business management and environment · 17Commerce and its scope · 15Communication · 16Computers and ICT in business · 14Consumer protection · 14Documents used in trade · 16Elements of commercial law · 15Financing a business · 16Foreign trade · 21Forms of business organisation · 21Home trade: retail and wholesale · 21Insurance · 21Money and banking · 21Occupation and production · 16The stock exchange · 17Transport · 17Warehousing · 13

  1. Question 1· Documents used in trade· JAMB

    A delivery note is

    Explanation and discussion

  2. Question 2· Documents used in trade· JAMB

    A seller sends a debit note to a buyer when the buyer has been

    Explanation and discussion

  3. Question 3· Documents used in trade· JAMB

    A receipt is evidence that

    Explanation and discussion

  4. Question 4· Documents used in trade· JAMB

    A seller sends a credit note to a buyer when the

    Explanation and discussion

  5. Question 5· Documents used in trade· JAMB

    The document a seller sends with or after the goods, showing their quantity, prices and the amount due, is

    Explanation and discussion

  6. Question 6· Documents used in trade· JAMB

    Cash discount is allowed to encourage

    Explanation and discussion

  7. Question 7· Documents used in trade· JAMB

    An order is sent by a buyer to

    Explanation and discussion

  8. Question 8· Documents used in trade· JAMB

    The letters E. & O.E. on an invoice stand for

    Explanation and discussion

  9. Question 9· Documents used in trade· JAMB

    The document that tells the buyer the total amount owed at the end of a month is the

    Explanation and discussion

  10. Question 10· Documents used in trade· JAMB

    Trade discount is allowed mainly to

    Explanation and discussion

  11. Question 11· Documents used in trade· JAMB

    A credit note is issued by the seller when

    Explanation and discussion

  12. Question 12· Documents used in trade· JAMB

    The terms 'E & OE' on an invoice mean

    Explanation and discussion

  13. Question 13· Documents used in trade· JAMB

    An order is sent by the

    Explanation and discussion

  14. Question 14· Documents used in trade· JAMB

    A document sent by a buyer to a seller asking for the prices and terms of goods is

    Explanation and discussion

  15. Question 15· Documents used in trade· JAMB

    Trade discount is given to

    Explanation and discussion

  16. Question 16· Documents used in trade· JAMB

    A catalogue is

    Explanation and discussion

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