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Commerce 2022 JAMB Past Questions

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11

Which of the following documents would a shareholder inspect to know his voting rights?

  • A. Articles of Association
  • B. Certificate of Incorporation
  • C. Certificate of Trading
  • D. Memorandum of Association
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12

An internal source of finance to an enterpreneur is

  • A. trade
  • B. retained earning
  • C. overdraft
  • D. debenture
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13

Use the information below to answer questions 13 and 14

  #
Sales 50,000.00
Debtors 10,000.00
Cash in hand 5,000.00
Opening stock 30,000.00
Creditors 8,000
  • A. #35,000.00
  • B. #20,000.00
  • C. #5,000.00
  • D. #14,000.00
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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14

Use the information below to answer questions 13 and 14

 

  #
Sales 50,000.00
Debtors 10,000.00
Cash in hand 5,000.00
Opening stock 30,000.00
Creditors 8,000.00
Purchases 16,000.00
Overdraft 12,000.00
Closing stock 10,000.00
  • A. #35,000.00
  • B. #20,000.00
  • C. #15,000.00
  • D. #14,000.00
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15

A partner who contributes only his name to the formation of a partnership is

  • A. a nominal partner
  • B. a limited partner
  • C. a general partner
  • D. an active partner
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