JAMB Commerce · Section 6

Terms of Payment

Section 5: Purchase and Sale of Goods

Syllabus content and objectives

Official JAMB Commerce outline · Section 5: Purchase and Sale of Goods

Content

Cash payment, including spot and prompt payment.

Objective

Distinguish between cash and credit forms of payment.

Content

Credit: meaning, types, functions, merits and demerits.

Objective

Explain the meaning and types of credit and analyse the merits and demerits of credit transactions.

Opens the CBT engine with Commerce past questions and answers.

Answer Commerce past questions under the same timed conditions as the real CBT exam — then come back and tick off the next topic.