Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Commerce Past Questions

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NECO offline past questions - All questions, answers & explanations in one app 25712
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
91
Leasing is the right to use asset for an agreed period in return for
  • A. profit
  • B. interest
  • C. wages
  • D. rents
View Answer & Discuss JAMB 1997
92
The form of business financing which involves pledging of a specific asset is
  • A. debenture
  • B. mortgage
  • C. loan
  • D. bond
View Answer & Discuss (1) JAMB 1997
93
The total amount that a company is allowed to raised according to its memorandum of association is known as
  • A. issued capital
  • B. authorized capital
  • C. called-up capital
  • D. paid-up capital
View Answer & Discuss JAMB 1997
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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NECO offline past questions - All questions, answers & explanations in one app 25712
94
A public limited liability company having a nominal capital made up of 200 000 ordinary shares of 50k each decided to issued 50% of it to the public.

What is the authorized capital?
  • A. N40 000
  • B. N50 000
  • C. 100 000
  • D. 200 000
View Answer & Discuss (7) JAMB 1997
95
The turnover of firm maybe affected by
  • A. the demand for its product
  • B. the cost of its goods sold
  • C. its closing stock
  • D. its net assets
View Answer & Discuss JAMB 1997
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group