Waec Commerce 2003 Past Questions and Answers

Question 26:

• WAEC 2003

To sell a bill at less that the face value before its maturity is?

A. Discounting
B. Retiring
C. Accepting
D. Noting

Question 27:

• WAEC 2003

To sell a bill at less that the face value before its maturity is?

A. Discounting
B. Retiring
C. Accepting
D. Noting

Question 28:

• WAEC 2003

Which of the following tells the customer exactly what has been sold to him, the amount due and any discount granted?

A. Advice note
B. Statement
C. Invoice
D. Credit note

Question 29:

• WAEC 2003

Which of the following tells the customer exactly what has been sold to him, the amount due and any discount granted?

A. Advice note
B. Statement
C. Invoice
D. Credit note

Question 30:

• WAEC 2003

Which of the following documents is required when a bill of lading is not readily available to enable the goods to be landed?

A. Bill of exchange
B. Certificate of origin
C. Consumers invoice
D. Bill of sight