Waec Commerce Past Questions and Answers

Question 1756:

• WAEC 2011

Trade as a division of commerce is usually classified into

A. Retail and whole sale
B. Import and export
C. Home and foreign
D. Visible and invisible

Question 1757:

• WAEC 2011

Liquid capital in a business means the

A. Movable assets of the business
B. Authorised capital
C. Issued capital
D. Assets easily convertible to cash

Question 1758:

• WAEC 2011

The relationship which subsists between between two or more persons carrying on a business with a view to profit" is

A. Cooperative society
B. Partnership
C. Public limited company
D. Credit union

Question 1759:

• WAEC 2011

Rights issue is the

A. Individual's right to be issued shares n subscription
B. Right of shareholders to voteon issues
C. Preferntial right to returns on shares
D. Shares offered to existing shareholders at a cheaper price

Question 1760:

• WAEC 2011

Which of the following pieces of information would be found in a typical debit note

A. Customer code
B. Date of invoice
C. Brief reason for the debit
D. E & O.E