Waec Commerce 2021 Past Questions and Answers

Question 36:

• WAEC 2021

The collection of import duty is a function of the

A. Ports authority
B. Marketing boards
C. Clearing and forwarding agents
D. Customs and excise authority

Question 37:

• WAEC 2021

An error on an invoice may be rectified by issuing

A. An advice note
B. A consignment note
C. A credit note
D. A delivery note

Question 38:

• WAEC 2021

Use the information below to answer questions 20 and 21.

Opening stock	4000
Closing stock	12000
Purchases	17000

What is the average stock?

A. NI0,500
B. N8.500
C. N8,000
D. 6000

Question 39:

• WAEC 2021

Use the information below to answer questions 20 and 21.

Opening stock	4000
Closing stock	12000
Purchases	17000

The cost of goods sold is

A. N4,000
B. N9.000
C. N16.000
D. N21,000

Question 40:

• WAEC 2021

The expected response from the recipient of a quotation is to send

A. An advice note
B. A cheque for payment
C. An invoice
D. An order