Waec Commerce Past Questions and Answers

Question 1866:

• WAEC 2013

A personal computer on sale in an office equipment shop is an example of

A. Stock
B. Fixed asset
C. Liability
D. Fixed capital

Question 1867:

• WAEC 2013

The difference between current assets and current liabilities is

A. Issued capital
B. Capital employed
C. Working capital
D. Nominal capital

Question 1868:

• WAEC 2013

A Ltd. Company has an authorized capital of 2,000,000 shares of D5 each. If the company issued 1,200,000 shares, its issued capital is

A. D 10,0000,000
B. D6,000,000
C. D4,000,000
D. D2,000,000

Question 1869:

• WAEC 2013

The money issued by Ola Maro and Co Ltd. in running the day to day activities of the business is represented by

A. Fixed capital
B. Capital employed
C. Paid-up capital
D. Working capital

Question 1870:

• WAEC 2013

Which of the following is an advantage of a sole trader?

A. Guaranteed profit
B. Quick decision-making
C. Unlimited liabilty
D. Buying on credit