Commerce 2008 Waec Past Questions and Answers

Question 36 :

• WAEC 2008

Working capital is

A. Current assets less total liabilities
B. Total assets less total liabilities
C. Current liabilities plus current assets
D. Current assets less current assets

Question 37 :

• WAEC 2008

A cheque dated 30th July, 2004 but presented for payment on 28th February, 2005 is

A. Post-dated
B. Crossed
C. Opened
D. Stale

Question 38 :

• WAEC 2008

Which of the following receives dividend based on patronage?

A. Preference shareholder
B. Co-operative society member
C. Cumulative preference shareholder
D. Debenture holder

Question 39 :

• WAEC 2008

If a customer opens a deposit account with a bank, he will

A. Recieve a crossed cheque book
B. Be given a tally
C. Be given a loan
D. Recieve interest

Question 40 :

• WAEC 2008

A chamber of commerce normally consists of

A. Officials of the trade unions of commercial workers
B. All the people engaged in one aspect of trading and manufacturing
C. All the workers in one branch of commerce
D. The people who represent a cross-section of business interests in a town