Waec Commerce 2017 Past Questions and Answers

Question 16:

• WAEC 2017

Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000


What is the rate of stock turnover.

A. 11 times
B. 6 times
C. 4.7 times
D. 4 times

Question 17:

• WAEC 2017

which of the following is a source of short term capital.

A. Trade credit
B. Shares
C. Leasing
D. Debenture

Question 18:

• WAEC 2017

The most suitable channel for the sale of an aircraft is?

A. Manufacturer-wholesaler-retailer-consumer
B. Manufacture-wholesaler-consumer
C. Manufacturer - retailer - consumer
D. Manufacturer - consumer

Question 19:

• WAEC 2017

The duty payable on goods produced locally iis

A. Export duty
B. Excise duty
C. Import duty
D. Advalorem duty

Question 20:

• WAEC 2017

An overdraft is granted to holders of?

A. Savings accounts
B. Loan accounts
C. Deposit accounts
D. Current accounts