Waec Commerce Past Questions and Answers

Question 2021:

• WAEC 2016

which of the following occupations are classified under the extractive industry
(i) cattle rearing, lumbering and farming
(ii) mining, quarrying and hunting
(iii) ship building, road construction and iron bending
(iv) singing, dancing and tailoring

A. I and iii only
B. I, ii and iv
C. I and ii
D. Ii, iii and iv

Question 2022:

• WAEC 2016

which of the following allows a drawer of a document to correct any error

A. C.I.F
B. I.O.U
C. C.W.O
D. E.O.E

Question 2023:

• WAEC 2016

use the following information relating to Bala enterprises to anwser the question

	N
premises	32,000
motor vehicle	15,000
debtors	15,000
stock	20,000
creditors	10,000

The value of current assets is?

A. N35,000
B. N32,000
C. N25,000
D. N10,000

Question 2024:

• WAEC 2016

use the following information relating to Bala enterprises to anwser the question

	N
premises	32,000
motor vehicle	15,000
debtors	15,000
stock	20,000
creditors	10,000

what is the value of working capital

A. N47,000
B. N35,000
C. 25,000
D. 10,000

Question 2025:

• WAEC 2016

use the following information relating to Bala enterprises to anwser the question

	N
premises	32,000
motor vehicle	15,000
debtors	15,000
stock	20,000
creditors	10,000

the value of fixed assets

A. N72,000
B. N47,000
C. N35,000
D. N25,000