Waec Commerce Past Questions and Answers

Question 2286:

• WAEC 2021

A country's balance of trade of -S20 million shows that its

A. Import volume is greater than export
B. Import and export volumes are equal
C. Export volume is greater than imports
D. Exports are mainly primary products

Question 2287:

• WAEC 2021

The collection of import duty is a function of the

A. Ports authority
B. Marketing boards
C. Clearing and forwarding agents
D. Customs and excise authority

Question 2288:

• WAEC 2021

An error on an invoice may be rectified by issuing

A. An advice note
B. A consignment note
C. A credit note
D. A delivery note

Question 2289:

• WAEC 2021

Use the information below to answer questions 20 and 21.

Opening stock	4000
Closing stock	12000
Purchases	17000

What is the average stock?

A. NI0,500
B. N8.500
C. N8,000
D. 6000

Question 2290:

• WAEC 2021

Use the information below to answer questions 20 and 21.

Opening stock	4000
Closing stock	12000
Purchases	17000

The cost of goods sold is

A. N4,000
B. N9.000
C. N16.000
D. N21,000