Waec Commerce Past Questions and Answers

Question 1741:

• WAEC 2011

The turnover of a trade is the

A. Number of times the stock is sold
B. Total sales made during a period
C. Profit made during the period
D. Total purchases made during the period

Question 1742:

• WAEC 2011

The total assets of a business less its total liability is known as

A. Capital owned
B. Share capital
C. Issued capital
D. Working capital

Question 1743:

• WAEC 2011

A document issued to the public by a company to advertise its share is known as

A. Prospectus
B. Tender
C. Share certificate
D. Trading certificate

Question 1744:

• WAEC 2011

An overdraft is

A. Amount permitted to be withdrawn in excess of one's deposit
B. Excessive cash withdrawn by commercial banks from the Central Bank
C. Credit balance standing in the name of a customer
D. Special deposits made by commercial banks

Question 1745:

• WAEC 2011

Which of the following is not a principle of insurance

A. Insurable interest
B. Subrogation
C. Surrender value
D. Proximate cause