Waec Commerce Past Questions and Answers

Question 71:

• WAEC 1989

A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital out of which the company collected N15,000.
What was the issued capital?

A. N5,000
B. N10,000
C. N15,000
D. N20,000
E. N35,000

Question 72:

• WAEC 1989

A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital out of which the company collected N15,000.
What was the paid-up capital?

A. N35,000
B. N30,000
C. N20,000
D. N15,000
E. N5,000

Question 73:

• WAEC 1989

A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital out of which the company collected N15,000.
What was the unissued capital?

A. N35,000
B. N30,000
C. N15,000
D. N10,000
E. N5,000

Question 74:

• WAEC 1989

Which of the following is not necessary when ordering goods?

A. Trade journal
B. Letter of enquiry
C. Invoice
D. Order form
E. Catalogue

Question 75:

• WAEC 1989

With regard to payment, the amount payable when no deductions are made is called?

A. Net price
B. Spot cash
C. Not profit
D. Prompt cash
E. Draft